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Masashi Yahari (矢張 政志)Larry has been Phoenix's friend since grade school, and despite his problems with women (and slacking off) he's a good friend who sticks by Phoenix. Larry is generally easy going and laid back, but shows his emotions easily. He's very trusting and a little flaky, which leads to him moving between women and part time jobs fairly regularly.
In PW:AA, it's often joked that "When something smells, it's usually the Butz." In the Japanese, they instead joked, "When something happens, it's yappari Yahari." ("You know it's Yahari") In French, it's: "Quand Paul defès arrive, tout part à la dérive" ("When Paul Defès shows up, everything's going downhill").
Larry is good friends with Phoenix, and has been since they were little kids. Larry's family isn't mentioned through the games, but he has a few different girlfriends along the way (one of which being Cindy Stone).
English: "Butz" was probably chosen so that it could be used in the above joke against his name. Larry is close to Harry, which would give him the name "Harry Butz" (which he is sometimes mistaken as).
Japanese: "Yahari" in Japanese means, "I knew it" or "of course," and Masashi comes from "Masashiku," which means "with certainty." Like the English, probably chosen specifically for the above mentioned joke.