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 watchfobmanchukuoyouthleague badge
manchukuoyouthleaguewatchfobmanchukuoyouth school watchfob
south manchurian railway medal
south manchurian railway watchfob
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