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Because it was a desperate, last-gasp gamble for both of them. Starting a war usually is (unless you're a neocon).
The Japanese knew they were engaging on a high-risk venture with little chance of success. But they had been forced into a corner by FDR's steel and oil embargos. It was either strike now, or be assassinated by the ultranationalists they had been egging on. We actually have the minutes from the last imperial council meeting where they made the final decision for war and they're quite clear on this.
Hitler considered that there were too many Germans and not enough food to feed them. The soil was giving out, and what would happen then? Germany must rely on imports, and hence become yet another slave of the western bankers. Hitler always felt himself racing against time, and needed to strike quickly. Imagine if he wasn't so hasty and had an army of Tiger tanks and V2 rockets to start with.
This just seems to kick it back up a layer. Why did they find themselves in such a position? Why did the Japanese egg on the ultranationalists? Why didn't Hitler dedicate himself to, I don't know, fertilizer research, or try literally any other solution than aggressive war against an unbeatable enemy? Or just mortgage himself to the gills to the bankers, who if memory serves didn't have much of a problem with him pre-war, use the money to finish climbing the tech tree, and THEN go all Mongol horde on his creditors?
And this presumes they thought the war was unwinnable, which is really not the impression I've gotten from what history I've read.
This requires a broader understanding of how both theatres were going, and more importantly, the political climates that led Germany and Japan to war in the first place. I will mainly talk about Japan here, as I think someone else can probably do a better job illustrating the particulars of Hitler’s views on lebensraum.
In an attempt to be concise:
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