Let’s assume Japan wants nothing to do with the Washington Naval Conference. The result would be a Pacific arms race but the United States would not go to anything near the total war footing of the 1940s. By 1930 Japan probably would have completed its Eight-Eight Plan of battleships and battlecruisers. United States would have completed the Montana class battleships and 2 or 3 of the Lexington battlecruisers. Instead of invading China Japan begins an anti imperialist drive to stir up trouble in the Philippines, Dutch East Indies, French Indo China and Malaya. Pick a war supporting whichever insurgency seems to have the best chance.
Invading Philippines this early though, is suicidal. It will be, Pre-WWI/Russo-Japanese War Doctrine Army (Japan) vs. Modern Warfare+Guerrilla Doctrine Army and Irregulars (US/Philippines), considering that unlike WWII, Japan isn't well armed yet, and has no real experience to modern combat, except Russo Japanese War and Pacific Theater WWI which involves more naval engagements than land engagements, and when they do engage on land, 19th century doctrines still seems to work for them. For them, machine-guns of the 20th century is no different to the Gatling Guns used during the Boshin War and Satsuma Rebellion. In contrast, Filipinos and Americans stationed in the Philippines has experience in Spanish-American War, Filipino-American War, and Western-front WWI, where the former two involves Guerrilla Warfare and the latter involves Trench Warfare, these experiences will prove vital to the defenders, and gives them flexibility in situations, which is in contrast to the rigid Japanese. The defenders can make Philippines look like Vietnam and Afghanistan.
Guerrilla + Trench Warfare > Rigid, Line Formation Doctrine
With out Air Support and modern equipment, it will be a massacre for the Japanese.
Not to mention, facing only one front, America can concentrate forces to the Pacific theater immediately, bringing more hell to Japan, and denying Philippines from the Japanese, while simultaneously, make landings on the Japanese Home Islands.