Interesting badge from the early days of Manchukuo. Note that instead of an official name 大滿洲國/Dà Mǎnzhōuguó (that was used between 1932 and 1934) 共和國/Dà Mǎnzhōu kyōwa koku is used.
Obverse
萬歳 - Banzai
reverse
大滿洲 - Dà Mǎnzhōu /Great Manchuria/
共和國 - Country/Republic = compound of 共和...
