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Is it Japanese for squid to fall in love with shrimp?

No. According to the inquiry of Aiqicha, Beihai Caomu Hongchen E-commerce Co., Ltd. applied for registration of the trademark "Squid Loves Shrimp" on December 29, 2021. Beihai Caomu Hongchen E-Commerce Co., Ltd. was established on August 30, 2019, and its registered address is located in the West District of Qicang Village, Chongqing Road, Beihai City, Guangxi Zhuang Autonomous Region. So squid falling in love with shrimp is not Japanese, but Chinese.