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From Curio.com:
Vintage Christmas carolers dolls like these were popular decorative items, especially during the mid-20th century, evoking a nostalgic holiday spirit. They were often produced by various manufacturers, with Japan being a significant source of such collectibles during the post-war era, known for their detailed craftsmanship and whimsical designs.
>These dolls, possibly from the "TKR Fancy Dolls" line, represent a charming aspect of holiday decor. The inclusion of a sign identifying them as "Carolers" and their distinct attire, including hats and musical instruments or props like the cane, are typical features that appeal to collectors of vintage Christmas memorabilia.