Yeah, France refusing to surrender is a big, big POD here, with effects beyond just Indochina.
In any case, with a legal French government continuing the war, the Japanese will be unable to bully the French into giving them basing rights as they will be unable to strike at the European empires until they've finished constructing their last two aircraft carriers. Of course, no Japanese incursion into Indochina also means that the US doesn't halt their shipments of airplanes, parts, machine tools and aviation gasoline to Japan, at least for the time being.
Exactly. No Vichy probably means no japanese occupation of Indochina which probably means no US embargoes which means no Pearl Harbor which means no War in the Pacific.
https://en.wikipedia.org/wiki/Events_leading_to_the_attack_on_Pearl_Harbor
Japan's 1940 move into
Vichy-controlled
Indochina further raised tensions. When combined with its war with China, withdrawal from the League of Nations, alliance with Germany and Italy and increasing militarization, the move provoked an attempt to restrain Japan economically. The United States
embargoed scrap metal shipments to Japan and closed the
Panama Canal to Japanese shipping.
[7] This particularly hit Japan's economy hard because 74.1% of Japan's scrap iron came from the United States in 1938. Also, 93% of Japan's copper in 1939 came from the United States.
[8] In early 1941, Japan moved into southern Indochina,
[9] thereby threatening
British Malaya,
North Borneo and
Brunei.
Japan and the U.S. engaged in negotiations during the course of 1941 in an effort to improve relations. During these negotiations, Japan considered withdrawal from most of China and Indochina after drawing up peace terms with the Chinese. Japan would also adopt an independent interpretation of the Tripartite Pact, and would not discriminate in trade, provided all other countries reciprocated. However, these compromises in China were rejected by General Tojo, then War Minister.
[10] Responding to Japanese occupation of key airfields in
Indochina (July 24) following an agreement between Japan and
Vichy France, the U.S. froze Japanese assets on July 26, 1941, and on August 1 established an embargo on oil and gasoline exports to Japan.
[11][12] The oil embargo was an especially strong response because oil was Japan's most crucial import, and more than 80% of Japan's oil at the time came from the United States.
[13]