Yes, this is actually a character from Ponyo.

Disney has confirmed that the Japanese Blu-Ray release of Ponyo, which is the first Studio Ghibli Blu-ray release ever, will include multiple subtitle tracks in eight languages. These languages are: Japanese, English, French, Italian, Spanish, Korean, Traditional Chinese, and Simplified Chinese. Additionally, the release will include audio tracks in seven languages: Japanese, French, Italian, Spanish, Korean, Mandarin Chinese, and Cantonese Chinese. Oddly enough, English is the only language to receive subtitles, but no audio track. This likely has to do with Ghibli’s licensing agreement with Disney.

Since both Japan and the United States adhere to Region A Blu-ray coding, American fans who wish to watch Ponyo subtitled can now import the Blu-ray disc when it is released on December 8th. Unfortunately, our Australian and British friends will have to wait for a Region B release.

–Via ANN