The goal of the Japanese was to use the bombing of Midway to lure the Americans into an uneven fight, and annihilate the US carrier force. The US goal was to ambush the Japanese and annihilate the Japanese carrier force.
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The objective was to take Midway Island and use it as a base. Concurrently the objective was to bring the USN to decisive battle and destroy them.
The objective of the Japanese Navy at the Battle of Midway was two-fold. The first objective was to lure the American carriers out and destroy them. This would have given the Japanese Navy total superiority in the Pacific. The second objective, was to land an invasion force at Midway and take the atoll (the "island" of Midway). This would have provide Japan with an easternmost base capable of launching land based bombers to Hawaii.
The Battle of Midway ended because the naval forces of Japan withdrew from the battle. After losing four front-line carriers, and not meeting the objective of crushing the American naval forces, Japan's Navy retreated in defeat.
Germany's version of the battle of midway is the battle of stalingrad
Midway was a "Sea Battle."
See website: Battle of Midway