Plot Summary
In New York City, Japanese industrialist Raizo Yamata purchases a controlling interest in an American hedge fund. He flies to Saipan — the site of his parents' suicide during the American invasion of the island at the close of World War II — to buy a large tract of land.
Meanwhile, in eastern Tennessee, a car accident involving two Japanese vehicles leads to the deaths of six people. Revelations about the vehicles' fatal design flaws stir long-standing resentment against Japan's protectionist trade policies. As trade negotiations between the United States and Japan grind to a halt, Congress passes a law enabling the U.S. to mirror the trade practices of the countries from which it imports goods. The bill is immediately used to replicate Japan's non-tariff barriers, cutting off the U.S. export markets upon which the Japanese economy depends.
Facing an economic crisis, Japan's ruling corporate cabal decides to take military action against the U.S. Along with China and India, Japan plots to curtail the American presence in the Pacific and re-establish the Greater East Asia Co-Prosperity Sphere. In the wake of these developments, Jack Ryan is recruited as National Security Advisor by President Roger Durling. Meanwhile, CIA officers John Clark and Domingo Chavez are sent to Japan to reactivate a former KGB spy network in order to gain intelligence.
Japan launches the first phase of its assault, sending Self-Defense Force units to occupy the Mariana Islands, specifically Saipan and Guam. The invasion, conducted with commercial airliners and car carriers, is virtually bloodless. Meanwhile, during a joint military exercise, Japanese ships "accidentally" launch torpedoes at the U.S. Pacific Fleet, destroying two submarines and crippling two aircraft carriers. This drastically reduces the U.S. capability to project power into the western Pacific.
An immediate retaliation is forestalled by the second phase of the Japanese offensive: an economic attack. Even as the military offensive begins, Japan engineers the collapse of the U.S. stock market by hiring a programmer in an exchange firm to insert a logic bomb into the system, which ends up deleting all trade records. The Japanese also attempt to assassinate the chairman of the Federal Reserve, but their target survives the attempt with a broken back. With a massive economic crisis and subsequent mass panic, the Japanese hope that America will be too distracted to quickly respond to Japan's military actions.
Japan immediately sues for peace, offering international talks and seemingly free elections in the Marianas to delay a U.S. response. Negotiators secretly reveal to the U.S. that Japan has obtained nuclear ballistic missile capability. The Japanese oligarchs, led by Yamata, believe that offers of negotiation and the nuclear deterrent, defended by a seemingly impregnable AWACS system, will cause the U.S. to concede Japan's advantage. With two of America's twelve carriers disabled, and the rest pinned down by international crises elsewhere, Ryan has few resources with which to defend American interests.
Despite his typical focus on military issues, Ryan advises President Durling to deal with the economic crisis first. Ryan also realizes that Japan's deletion of trade records could be an advantage in responding to the economic threat. He engineers a "do-over", where all of the transactions on the day of the mass deletion are ignored and all assets are restored to their state at the start of business that day. Accompanied by a presidential address to the nation and behind-the-scenes bullying of investment banks, the plan is a success: America's economy is restored with only minor disruption.
Ryan eliminates Japan's AWACS system through a series of "accidents" using widely dispersed U.S. assets, allowing B-2 bombers to destroy the silos. Clark and Chavez blind incoming Japanese pilots with a laser and cause them to crash on landing and rescue Japan's moderate former prime minister. An Army special operations team is airdropped into Japan to support Comanche helicopters in attacking the other AWACS planes and kill members of Yamata's cabal. Meanwhile, Admiral Robby Jackson liberates the Marianas with little bloodshed. Cornered, Japan's current prime minister resigns, ceding power to his predecessor. Yamata is arrested, and the new Japanese government accepts America's generous offer of status quo ante.
Throughout the book, President Durling faces another, less important political crisis: Vice-President Ed Kealty is forced to resign after being accused of drugging and raping a former member of his staff. With the crisis over, President Durling nominates Ryan as vice-president during a joint session of Congress. However, an embittered Japan Air Lines pilot—driven mad by the deaths of his son and brother during the previous conflict—flies his Boeing 747 directly into the U.S. Capitol.
Nearly the entire presidential line of succession is eliminated; Ryan, who had just been confirmed as vice-president moments before, narrowly escapes the attack and is immediately sworn in as president.
Read more about this topic: Debt Of Honor
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