This study analyses the “one China” framework's significance for Japan–Taiwan relations since Tokyo switched diplomatic recognition from Taipei to Beijing in 1972. Drawing on Chinese-, Japanese- and English-language sources, it examines developments since the breakthrough Japan–PRC normalization communiqué and the “Japan formula,” which enabled Tokyo to normalize relations – six years before Washington – without recognizing Beijing's claim of sovereignty over Taiwan, and while maintaining robust, if unofficial, ties with Taipei thenceforth. Highlighting distinctions between Beijing's self-asserted “one-China principle” and Japan's ambiguous official position and subsequent effective policies, it assesses incremental but practically significant evolutions of Japan–Taiwan relations over the past half-century. In the 21st century, the trend towards incrementally closer ties has proven strikingly resilient to political transitions in Japan and Taiwan, China's growing power, pushback from Beijing and worsening cross-Strait frictions. Beyond Japan–Taiwan relations and theoretical debates on “one China,” this article's findings carry significant implications for Taiwan's international space, cross-Strait dynamics and China–Japan–United States relations.