Depends on how Sino-US competition veers.
As important as TW is to rejuvenation narrative, it's ultimately the consolation prize versus dismantling US east asian security architecture and securing regional+ hegemony. That's the grand finale battle for the lightcone of future PRC security/prosperity.
>Japan is very able to defend
Japan (and SKR, and TW, and even PH) like most US allies in island chain are are heavily dependant on energy and calorie imports. They can defend themselves against invasion, but they can't defend against PRC turning them into Yemen by wrecking critical infra (cut internet cables, destroy power nodes, mine ports etc). Stuff that make them non viable as a modern economy/society. The flip side of trying to contain PRC during peace is if they try to contain PRC during war, they're stuck in the island chain with a much more autarkic PRC who can spoil region indefinitely. And because US has security commitments, it maybe in PRC interest to draw US to defend allies where PRC forces balance is strongest.
I also think while CCP obviously prefers low cost reuninfication (even if armed), I personally would not be surprised if things escalate much broader because there are larger (and worthwhile) goals / targets. If Australia is going to contribute to even supporting US efforts in TW scenario, then destroying US military infra in AU (Pinegap, Geraldton, Exmouth) will cripple US Indo Pac operation. If anything, there may come a point of favourable future PRC power balance mixed with levels of percieved US antagonism where PRC will be eager for excuses to eliminate US regional/global military infra.