This is my entry for the Feudal Japan Artstation Challenge. I chose Nicolas Tham's Yokai concept.
This is Onibaba and Chōchin Obake (Demon Hag and Lantern Ghost)
The Onibaba is normally considered to be an older woman transformed into a demon as a result of Karma and resentment.
A Chōchin Obake is a paper lantern who has reached an advanced age and transformed into a mostly harmless, mischievous demon.
Original Concept by Nicholas Tham
https://www.artstation.com/hieizero