This mochi is a chewy collaboration with Fujiya Milky, a popular candy in Japan known for its sweet, creamy flavor. Inside the soft mochi are a layer of marshmallow and a creamy condensed milk filling. Fujiya introduced its Milky Candy in 1951, with Peko-chan as their official mascot. Now Peko-chan is a Japanese icon, and Milky has a wide range of flavors, though the classic condensed milk flavor is still a favorite and inspires delicious treats like this Milky Mochi.