Huang Wenxiong (ed.) Manzhouguo: the true story of a short-lived, ideal state in Manchuria

ACEND reprints. — 2012. — 180 p.The leading players in Manzhouguo were Japanese. This is a fact. In terms of population ratio, the Japanese represented only 1/30 of the total, but without them, Manzhouguo would have never come into being, for several reasons. First, but for the strong Guandong Army, Manzhouguo would have never been able to maintain national security in the face of Russia and Chinese warlord governments. Additionally, among the various peoples who resided in Manzhouguo, human resources were found nowhere but among the Japanese, with their high educational standard. Industrial investments came mainly from Japan. Manzhouguo’s government bonds were purchased with Japanese capital. In order to issue those bonds, the Japanese government enacted Law No. 87 in May 1938 (Law Concerning Foreign Bonds To Be Purchased in Japan). The Manzhouguo bonds were regarded as Japanese government bonds for taxation purposes.