Manchukuo Youth League Watch Fob/滿洲帝國青年團章

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

 

Interesting excerpt concerning the early day of Manchurian Youth League from Manchuria under Japanese Dominion by Yamamuro Shin'ichi.

Source.