The monster Guilala was originally a monster made by now defunct Shochiku studio in 1967. This movie is somewhat of a remake, but the story is a camp satire of G8 summit and head of the states of the world, a giant monster, Kim Jon il and Korean nuclear missile, and can you believe - a Japanese comedian named Beat Takeshi who appears as Takemajin.
Monster Guilala lands near lake Toya in Hokkaido attached to Chinese space probe called Beta (which is the same design as the space ship Beta that appeared in the original 1967 movie). There was a G8 summit going on at lake Toya, and US president immediately after hearing the arrival of the monster vows to destroy the monster as an attempt to raise popular support. He recruits the efforts of other heads of the state to defeat the monster. Earth Defense Force (TDF) of Japan takes on the duty of actually carrying out the orders. The joke of TDF is is that it's comprised of only one tent and about a dozen men working around it. The commander is played by Susumu Kurobe who was a member of Earth Defense Force in the original Toho's Ultraman series back in 1966. Meanwhile in a near by village, there's a shrine that for some reason houses three objects. An ancient scroll depicting Guilala and another figure called Takemajin, a statue of Guilala,and the statue of Takemajin. Villagers gather at the shrine and chant "Nechikoma, Nechikoma" repeatedly, and Takemajin comes to life. Now its a showdown between Guilala and the Takemajin.
The intent of people who made this movie is not clear. While I was watching this movie, I was thinking this is a story I would have come up with. It was that bad. But obviously being camp was the intention of the producers.Special effect is homage to that of '60s kaijyu movie. They must have done this to appeal to the original viewers of 1967 version of Guilala.
Interesting and funny movie to come from Japan that parodies the original Guilala, politicians, and the Japanese culture.