The  liberation  of these old European colonies created the basis for postwar independence movements proclaiming the Japanese slogan  Asia for the Asians.  
( ( ( The liberation ) ( of ( these ( old ( European colonies ) ) ) ) ) ( ( ( ( created ( the basis ) ) ( for ( postwar ( independence movements ) ) ) ) ( ( proclaiming ( the ( Japanese ( slogan Asia ) ) ) ) ( for ( the Asians ) ) ) ) . ) )
(ROOT (S (NP (NP (DT The) (NN liberation)) (PP (IN of) (NP (DT these) (JJ old) (JJ European) (NNS colonies)))) (VP (VBD created) (NP (DT the) (NN basis)) (PP (IN for) (NP (JJ postwar) (NN independence) (NNS movements))) (S (VP (VBG proclaiming) (NP (DT the) (JJ Japanese) (NN slogan) (NN Asia)) (PP (IN for) (NP (DT the) (NNPS Asians)))))) (. .)))
Old European colonies were liberated.
( ( Old ( European colonies ) ) ( ( were liberated ) . ) )
(ROOT (S (NP (JJ Old) (JJ European) (NNS colonies)) (VP (VBD were) (ADJP (JJ liberated))) (. .)))