Behold Dylan's "Maneki neko," a.k.a. Beckoning cat, Lucky cat, or Fortune cat. It's the latest project to come out of his after-school Japanese Culture Club.
Spotted this one painted on the wall of a stairwell leading down to a restaurant near Center Gai in Shibuya. If I understand things correctly, when his right paw is up, it means "Good Luck;" left paw raised means "Welcome."