Need LayoutManager that resizes and supports right-aligned children

Question

I have two labels that I want to appear inside JPanels such that
they have minimum 2 pixels padding between the text and the
border of the JPanel, and the leftmost label is right justified, while
the rightmost label is left justified. For example)
[+++++label1++][++label2+++++]
(the '+' represent white space/padding)
Additionally, the panels themselves are children of a JPanel that is
resized via a JSplitPane, so I want the labels to get truncated or
expanded depending on the size of their containing JPanel.
Lastly, I want to have the leftmost label right justified within its
containing JPanel, and the rightmost label to be left justified within
its containing JPanel.
I've found that FlowLayout doesn't work because once my text is
painted truncated, if the containing JPanel is resized larger, the
label does not change to fill the space.
What I'm seeing is that when the label is too large for the JPanel,
it correctly gets truncated such as:
[++lab...++]
'+' represents white space/padding
"..." implies truncated text
but when the JPanel is grown, it simply adds padding to the current
text that is painted:
[+++++++lab...++]
when I want it to expand the text and keep the result right justified:
[++++++label1++]
BoxLayout doesn't work because I can't find a way to get the text to
be right-justified within the JPanel.
BorderLayout isn't viable because while my example only shows a single
label in the JPanel, I could actually have many components to add
to the JPanel. So, I could create a JPanel to hold the many comps,
but then that JPanel would have the same issue with layout.
GridBag seems way overkill for what I need to do, which is simply,
right justify text that will be react to contain panel bounds changes.
Any advice is greatly appreciated.
-Andy.

Answer 1

Thanks for the reply. Unfortuneately, other circumstances prevent me from being
able to do it that way :(
I basically have very HTML-ish XML used to define a table.
The table uses a GridBagLayout that lays out the <td>'s that are
currently JPanel's. The <tr>'s do not create any JComponent as
they are simply used to define attributes that are applied to all
row <td>'s.
My XML looks something like:
<table>
  <tr>
    <td style="align: right; hgap: 2;"><label text="Hello"/></td>
    <td style="align: left; hgap: 2;"><label text="World"/></td>
  </tr>
</table>So, when this is displayed it should show like:
[++Hello++][++World++]
or when it's shrunk, it should become something like:
[++He...++][++Wo...++]
and when the row is grown, it should become something like:
[++++++Hello++][++World++++++]
Also, since the GUI is defined in the XML, there can be many labels,
images, etc inside one of the <td> tags, and I want them to be displayed
L to R within the <td> in the order they appear, but I want them to be
left or right justified with respect to the <td> JPanel.
Maybe I can use a Box as my <td> instead of a JPanel so I can
add a glue component on the left for right justified, and glue on the right
(or no glue component) for left justified? I'll try that next...
Thanks again for your help.
-Andy.