I bought this 10-15 years ago. It is made by Bandai, Japan, 1988. I never found out what it was called- had it all this time - searched - cannot find much. If there is anyone out there who knows, any info would be much appreciated. Thanks.
Well the line is called Magnecross, and it's the deluxe version of a character from the "Jiraiya" series. Zincpanic has an entry, but no data or photos: http://www.zincpanic.com/series/543.html Based on Zincpanic, I would assume that it is a version of the Fukurou Baron DX figure, which was indeed released in 1988. I think, for this type of toy, the people at ToyboxDX (http://www.toyboxdx.com/phorum/) would be able to provide a better answer. EDIT: Sorry, I screwed up the name earlier.