JUNOR JET 27 - YONEZAWA - JAPAN
Race car style tin friction rocket. Red, white and yellow litho. Yellow tin fin with 27 printed on it. Junor Jet (sic) with a shooting star printed on the side. Four wheels. Pilot under canopy. The rear engine moves in and out. Japan 1950s. Date? The name Junor is a typo. Photo evidence gives a 1960 date.
See also the Space Rocket Car 75 version of this toy