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Dunno how much change Obama might effect... the "foreign policy" shadow-group inside the US has long and deep roots that even Eisenhower, Roosevelt (both of them) had to contend against. Much of the US 20th Century foreign policy only seems to make sense if you look at it from the perspective of a small faction of people making a LOT of money off of the antics.
On the side of the Japanese, if I were being asked for input -- I'd suggest being wary of the US actually following through on its enforcement commitments to Japan in the event of a forceful move from an aggressor nation. However, I think its much more likely that most "wars" between nation-states from now on will be economic battles rather than military ones. Violence will tend to originate from the rogue groups - the disaffected, the pirates, the local warlords, the religious expansionists, etc.
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