Maitreya, the Future Buddha prophesied to descend when the dharma has faded from the world, is venerated across Buddhist Asia as Miroku in Japan, Milefo in China, Mireuk in Korea, and Maitreya in Tibet — the same bodhisattva transmitted through Buddhist scriptural lineages from the original Sanskrit.
Hotei and Milefo are the Japanese and Chinese forms of the Laughing Buddha, both based on the eccentric Chan monk Budai of the tenth century, whom tradition identified as an incarnation of the future Buddha Maitreya.
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