The big political story is that this announcement will help secure the Government a number of South Australian seats in the upcoming election. The big strategic story is not so much who won this bid but who lost it： Japan. The Interpreter has debated exhaustively the strategic implications of this decision： would a sub deal with Mitsubishi Heavy Industry bring us closer to Japan？ Would we form a quasi-alliance that might entangle us in Japan’s increasingly fractious relationship with China？ What does that mean for our China-exposed trading industry.