This is an illustration where Iga no Tsubone confronts a ghost called Sasaki Kiyotaka at Mount Yoshino. Tsubone wears a red cloth and there stands the ghost in a fierce form.
The illustration is from Tsukioka Yoshitoshi, who is a popular Japanese artist from the 19th century. His works are dated from when Japan was under a big change in the society.
The print is from the One Hundred Aspects of the Moon, which is a design series from the 1880s.