12/26/44
Air Losses: Nearly all Allied strike aircraft losses were LBA. Death Star strike aircraft weren't involved, so Death Star should be just as dangerous as ever.
Japanese fighter losses look to be mainly second-tier fighters?
The Rex losses might represent three BBs - Ise (confirmed sunk) and Yamato + Hyuga (both likely).
Allied sea and air losses will be felt. It's hard to replace and sustain these kinds of numbers...and yet, I think the Allies can continue the fight. Japanese air losses are material and have been pretty high the past week but the air force remains extremely powerful. But I think the Japanese navy is really hurting. I thought it was really hurting before this battle but capable of delivering one strong punch. This was that punch.
Erik has remaining a number of undamaged CAs and BBs and whatever KB consists of at this point.
Defending the Home Island with a strong air force and a cobbled-together force of sea assets is challenging but possible.
But the dire state of the IJN, as I reckon it, means that the ability of the Allied navy to move is enhanced, and missions like bombardment should be more and more possible.

"Rats set fire to Mr. Cooper’s store in Fort Valley. No damage done." Columbus (Ga) Enquirer-Sun, October 2, 1880.