A compound paper yarn manufacturing device includes a Japanese paper roll, a slitter configured to slit a Japanese paper sheet fed out from the Japanese paper roll to form a plurality of Japanese paper tapes, a distributor configured to distribute the plurality of Japanese paper tapes into each single Japanese paper tape, a plurality of pairs of slip rollers formed by providing a plurality of pieces of a pair of slip rollers that feed out each distributed single Japanese paper tape while slipping, and a covering machine including a plurality of single covering units configured to perform, with a first yarn added, false-twisting on the single Japanese paper tape fed out from the pair of slip rollers, and to cover with a second yarn.