This is a Bebichhichi doll keychain or charm, a character created by the Japanese company Sekiguchi in 1974. Here's a breakdown of this specific version:
Description:
Character: Monchhichi bebichhichi(baby monkey with pacifier)
Color: Light blue fuzzy suit
Accessories:
Pink satin bow on the head
Heart-shaped pink patch on the suit
Holding a red heart with the word “Sweet♡” written on it
Additional pink bow on the heart
Size: This looks like a mini version, possibly about 7 cm in height, typical for Monchhichi keychains or bag charms.
