Lodo appears as a thin, blue-skinned boy with a huge happy grin on his face, showing a missing tooth. He has a single tuft of hair on his head, and wears a tattered, patched-up green cloak and worn, oversized geta.
Lodo has a personality resembling that of a small child. He is a very playful Yo-kai overall.
Lodo can make people lose all their money and become poor.
He can also be befriended automatically upon completing the quest Unlucky Family in Shopper's Row. You can complete this quest entirely in Tranquility Apartments B-104.
"Lodo" could be a corruption of the phrase low dough.
"Binboy" is a portmanteau of binbō (貧乏, "poor, penniless") and the English boy.
"Nomedá" is a contraction of the phrase "No me da," which translate as "does not give me."
"Pocotanto" is a combination of the words "poco" (a little) and "tanto" (a lot).
"Blanko" is a word describing something being empty, unfulfilled, and unfinished.
Origin
Lodo could be based on a binbougami (Japanese: 貧乏神,Binbōgami), a kami that inhabits houses and drives the inhabitants into poverty. Until halfway into the Meiji era, merchants in Senba, Osaka would perform a ritual every month to chase them out: first they would make grilled miso, which binbougami love, and the head clerk would carry it outside of the house, attracting them with the appetizing smell. They would then fold the miso patty in two, trapping the kami inside, and toss it into a river.
It was also said eating uncooked miso is bad luck and attracts binbougami, as the gesture implies being so poor you cannot even afford to light a fire to make soup.
Trivia
When snapped in the Yo-kai Cam, his tip is, "You can't save any money!"
Lodo's "random" nicknames in Yo-kai Watch 2 are: Nochange, Cash, Blueboy, and Nickles.