Deter China militarily in the event of a Taiwan crisis ? No
Enter into a proxy war with china that drains and hurts china in a degree that benifits the US more than the near socioeconomic collapse of Japan this entails hurts the US ? Also no. They might even lose territory or end up with a unpredictable scenario where the US is forced out of Japan
A significant enough blow to the PLAN and mainland industry ( there are more military and military -civilian capable factories in single provinces than there are US missiles that can reach them from US bases/shorties by the way) comes with a with practicaly any US land installation close to China in ruins, hundreds of latest gen airframe losses and assuming they try to put ships into the equation, just as heavy of a blow to the USN. US power in asia is crippled for longer than it takes China to rebuild