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In a sense, they did
Alliance is just a mode of control, Japan doesn't mind having China as subservient allies, perhaps even prefer that over the all out conquest should that remained an option (that's why they had set up a puppet KMT government on their conqurered territories rather than assume direct control).
In fact, at the begining of of SJWII, Japan had been already satisfied with its territorial gains in Manchuria and Korea. However the true reason they choose to attack in the end was because
1. They couldn't control their army, which is notoriously aggressive and was motivated by territorial gain regardless of Japanaese mainland interest or intention (In a sense it resembled how Teutonic Order in Northern Europe started to conquer Pagan lands to form their own state, not for the crusade nor the Holy Roman Empire)
2. To save face - if Japan was to accept that their aggression in China was their army doing, then they will also have to accept that they have lost control over their own army which will be a massive lost of face. The Japanese tend to get emotional when cornered so they went in with the flow like nothing happened - and suffered the consequencese to come.
The Japanese government at the time really have no reason to go aftet China. The only reason they interfere with China politic was to make sure the country remained divided and weak (which they already were). According to what I read, most of the Japanese top leader seem to hope that they could get rid of Chiang defiance government and replace him with someone more agreeable.
So in a sense they did want an alliance with China, definitely much more so than attacking. However they didn't really have the best of intentiin in mind and the mean to doing it.
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