Not adding anything as I know nothing of Singapore, but I presume this is a charming rendition of the Merlion ?
Yes it is, the Japanese in general have actually taken a liking to the Merlion.
A bit more on the back story of the merlion is that it consists of a lion head and a body of a fish, thus giving it the name we know.
Its name combines "mer", meaning the sea, and "lion". The fish body represents Singapore's origin as a fishing village when it was called Temasek, which means "sea town" in Javanese. The lion head represents Singapore's original name—Singapura—meaning "lion city" or "kota singa".