I was going to hold off until week 39, 1940 to give you a 1st year report Rocoteh, but some of the above posters made me want to add something now.
Week 28,1940- Suribaya Taken. Week 30- Timor,Alexandrovsk taken.
Week 31- USSR asks for peace; we accept taking Vladivostok, and El Aghelia, planning on returning it to Italy. Axis makes peace, and USSR immediately declares war on Germany right after the negotiations.

I got to see stacks of paras and marines at least before they took El Agheila back....
Week 34- Singapore falls! I had to empty out the nearby city of Palambaya of troops to take out the last artillery pieces. They had 2 Inf, 1 flak, 2 DD,2 artillery, a Fighter and a bomber in there.

Lost no troops but some of my marines were redlined.
It is amazing how much trouble the UK air has been giving me operating on my flanks from Port Moresby/Darwin and Singapore. Sarmi & Fakfak have not had a garrison for some 15 turns now. I had a full strength CA get wiped by two UK dive bombers. Whatever that bomber is the UK is using it has range and a lot of punch, they regularly hit my BBs for 3 hp. I hate them.

I have shot down many but they always have more.
Bob1475: I don't know about the Me262, but I have seen the AI send waves of bombers early in the scenario over my fleet with 40+ DD and other heavy ships with flak in them. The ^$$^% survived a long time too. Maybe it is more of a factor late in the game though. Me, I would have called their air units fearless compared to mine.
Allin1joe: I find your naval strategy interesting, since I love my DDs and protect them fiercely! I have at least 5 cities building more as we speak. Only 5 DD left?!?

How do you do reconaissance??? I would not feel secure without my hordes of flak/recon/sub spotters. I've lost 17 so far and cursed every one. You don't keep them stacked with heavier ships? I have at least 1 DD in every port and at least 4 with every BB/CV group; they are like remoras on sharks.
I have not gone all the way with my industry though; I stopped after factories since I didn't want all that pollution and my production is fine for my needs. Oh, I can always use more Infantry, but I can manage. I have Tokyo making YamatoC and Osaka is building a CV2 right now, the rest are on DDs mostly. The mainland produces all my ground unit and most of my air units; The Iron Works city is making 162 shields and is making an artillery every turn; I have about 15 I think. I also made a big push to get some Zeros into play so I have about 6 now, but I disrupted my ground unit production to do it.
Rocoteh: I still have that Kamikaze sitting around somewhere, thanks for reminding me.

I was saving it to beat on a US BB but none came within range. I noticed you can't load it on ships is that intentional?