EDIT: There's a surprising amount of confusion about this, so here are some diagrams that I hope will make it clear.
The first shows the counter counting from the all-zero state, with each horizontal space representing 5 ns. The FF and gate delays are shown as exactly 10 ns. Note that the J2K2 input to the third FF just barely makes it in time for both the 01x and 11x states.
__ __ __ |__ __ __ __ |__ __
clock __/ \__/ \__/ \__/ \__/ \__/ \__/ \__/ \__/ \__
_____ : _____ _____ : _____ ___
Q0 ____/ \_____/ | \_____/ \_____/ | \_____/
_____ : _____ _____ : _____ _
J1K1 ______/ \_____/ | \_____/ \_____/ | \_____/
___________ ___________
Q1 __________/ : | \___________/ : | \_________
_: |___ _: |___
J2K2 ____________/ \_____/ \___________/ \_____/ \_______
| _______________________
Q2 ______________________/ | \_________
| |
The dotted vertical line shows the case where Q2 is not supposed to toggle, and the solid vertical line shows where it is.
A conservative design (in the absence of any minimum propagation delay specifications) would assume that the outputs of the FFs and gates become invalid as soon as any input changes. Here's an expanded view that takes this into account:
_____ _____ _____ |_____
clock _____/ \_____/ \_____/ \_____/ \_____
_______________ :_______________
Q0 _____/XXX/ \XXX\_______/XXX/ \XXX\_______
___________________ :___________________
J1K1 _____/XXXXXXX/ \XXXXXXX\___/XXXXXXX/ \XXXXXXX\___
___________________________
Q1 _________________/XXX/ : \XXX\_______
__________ : ___________________
J2K2 _________________/XXXXXXXXXX\_/XXXXXXXXX/ \XXXXXXX\__
|___________
Q2 _________________________________________/XXX/
|
Here, I've shaved a little bit off the delay of J2K2 to illustrate how it just barely becomes valid in time for the two key clock edges.
Also, as Brian Drummond pointed out, I'm completely ignoring the carry output of the circuit (the third AND gate). The question is only about the maximum clock frequency of the counter itself. If that output needs to be valid, then the clock period will have to be even longer.