Louis J Sheehan 110907.10966

The battle has often been called "the turning point of the Pacific.[64] The Japanese navy continued to fight ferociously, and it was many more months before the U.S. moved from a state of naval parity to one of increasingly clear supremacy.[65] Thus, Midway was not "decisive" in the same sense as Salamis or Trafalgar. However, victory at Midway first gave the U.S. the strategic initiative, inflicted irreparable damage on the Japanese carrier force, and shortened the war in the Pacific.[66]
Just two months later, the U.S. took the offensive and attacked Guadalcanal, catching the Japanese off-balance. Securing Allied supply lines to Australia and the Indian Ocean in this time frame, along with the heavy attrition inflicted on the Japanese during the Guadalcanal campaign, had far-reaching effects on the course of the war. Its effect on the length is debatable, given the Pacific Fleet's Submarine Force had essentially brought Japan's economy to a halt by January 1945.[67]
Midway dealt Japanese naval aviation a heavy blow. The pre-war Japanese training program produced pilots of exceptional quality but at a slow rate.[68] This small group of elite aviators were combat hardened veterans. At Midway, the Japanese lost as many of these pilots in a single day as their pre-war training program produced in a year.[69] Japanese planners failed to foresee a long continuous war, and consequently their production failed to replace the losses of ships, pilots, and sailors begun at Midway; by mid-1943, Japanese naval aviation was decimated.
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Even more important was the irredeemable loss of four of Japan's fleet carriers.[71] These ships were not replaced, unit for unit, until early in 1945.[72] In the same span of time, U.S. industrial capacity allowed the U.S. Navy to commission more than two dozen fleet and light fleet carriers, and numerous escort carriers.[73] Thus, Midway permanently damaged the Japanese Navy's striking power and measurably shortened the period during which the Japanese carrier force could fight on advantageous terms. The loss of operational capability during this critical phase of the campaign ultimately proved disastrous; Imperial Japan could have executed much grander, and perhaps more successful, operations against the U.S. counter-offensive being marshaled. Whether this would have happened is debatable, however, as the Japanese awaited "decisive battle", and as American submarines increasingly hampered the flow of oil essential for fleet operations.