I would like to say early 80s Nishiki Competition, but for the shape of what appears to be a wrap around head tbe decal... It's almost certainly Japanese and probably double butted chromoly, if it fits, get it media blasted and have a nice 2 stage powder coat down to it and then ride it.
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1 Super Record bike, 1 Nuovo Record bike, 1 Pista, 1 Road, 1 Cyclocross/Allrounder, 1 MTB, 1 Touring, 1 Fixed gear