Looks like a fine old piece. These Type 32 Army swords were produced "in the white" or "black" versions as I understand it from reading about them in the Dawson reference book. You don't often see them with the leather finger loop intact anymore.
What's the blade length? Again, from Dawson, they were produced in two different blade lengths. The "ko" with a 32 3/4 inch length blade and the "otsu" with a 30 1/2 inch blade length. The ko was intended for all NCOs and men in the cavalry whereas the shorter otsu went to the NCOs and men in the military police, transportation corps, as well as master sergeants in the infantry, engineers and artillery.
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