I sometimes wonder what Japan's leaders would have thought had Germany declared war on the US in 1940, thus provoking earlier mobilization of the US war economy.
Had France already been conquered by the time of this hypothetical German declaration, I have no doubt the IJN would have won the North/South cabinet debate a year earlier than it actually did, and Japan could have gone into FIC earlier to set up and prep for later DEI conquests.
Attacking Pearl Harbor might not have happened, nor the Philippines, because the neutral US was already preoccupied. It really depends on how many fights FDR and Stimson want. The former was emotional, the latter sternly rational, so it's hard to say how that debate would unfold.
UK may have had more resources to defend Malaysia and Australia, either direct sales/LL from the US, or using USAAF forces to backfill for RAF forces deployed to SEA.
Germany had very few subs for
Paukenschlag in spring of 42. They probably would have problems in 1940 capitalizing on any declaration of war that way. Also, Barbarossa might be postponed due to heavier prior Western involvement.
It could cut both ways. Without many subs, Germany would be hard-pressed to stop any build-up of US forces in the UK, but at the same time, without an Eastern Front, they could pack NW Europe and dare the Wallies to bring it, which would clearly require massive forces. Japan would perhaps have a freer hand, with the US already distracted, taking DEI without worrying about PI or Singapore -- if they're willing to run that risk.