This document discusses how pink culture and Sanrio's Hello Kitty character have affected Japan's economy. It outlines the history of Japan's "kawaii" or cute culture trend starting in the 1960s. The document then focuses on how Sanrio capitalized on this trend by creating the iconic Hello Kitty character in 1974. Finally, it discusses how Sanrio has licensed and marketed Hello Kitty globally, integrating the pink and cute aesthetic into many industries and products to boost sales and Japan's "Gross National Cool."