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In the "least impact" scenario it would not prevent the invasion of the Philippines. In the "most impact" scenario it would prevent the invasion of the Philippines. In "intermediate impact" scenarios it could result in Japan invading, but later, with less advantage, after more American and...

In OTL, after the late July 1941 Japanese occupation of the Vichy French central and southern Indochina colonies, the United States froze all Japanese assets in US banks, essentially halting all remaining Japanese-American commerce. This 1 August executive order freezing Japanese dollar assets...