Obverse
青 - Youth
精勤 - Diligence
reverse
Emblem of South Manchurian Railway
新京青年學校 - Hsinking /capital of the Manchukuo; renamed from Changchun by the Japanese) Youth School
hsinking youth school diligence watch fob
manchukuoyouthleaguebadgemanchukuoyouthleague watch fob
manchukuoyouth school watch fob
south manchurian railway medal
south manchurian railway watch fob
新京青年學校精勤章
Obverse
滿洲帝國 - Manchukuo
青年團 - Youth League
Tunic of the boy with the Manchukuo national flag is dotted with inscriptions.
Torso
大亞細亞主義 - Japanese Pan-Asianism
Left leg
五族共和 - Five Races Under One Union
Right leg
社会正義 - Social Justice
Feet of the boy are trampling underfoot
邪悪 - Evil