1894 Great Victory Over Qing Celebration Commemorative Medal/明治廿七年帝國萬歳征清大勝奉祝紀念章

Medal of similar design https://asiamedals.info/threads/japanese-spirit-celebration-medal.26942/

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帝國萬歳 - Banzai to Empire

征清大勝奉祝紀念章 - Great Victory Over Qing Celebration Commemorative Emblem

明治廿七年 - 1894