In a recent discussion, IT journalist Moe Fukada and former Asahi Shimbun reporter Akira Sato delved into the controversial push for the dismantling of Japan’s Ministry of Finance (MOF). Scheduled for nationwide protests on the 14th, this movement is gaining traction among citizens frustrated by rising costs and hidden taxes amid ongoing inflation.

Fukada emphasized that this grassroots initiative is unusual, as it features a diverse array of participants who are not typically associated with political activism. She suggested that the current economic climate, marked by what she termed “stealth taxes,” is fueling public outrage. Notably, the rise in consumption taxes has not been met with corresponding tax reductions, which has intensified the burden on everyday citizens.

Drawing attention to the work of economist Takuro Morinaga, Fukada noted that his book, “Financial Cult,” has sparked significant interest, selling over 500,000 copies. This phenomenon reflects a growing awareness of the economic policies that many believe are detrimental to the average citizen’s quality of life.

The conversation also touched on the disparity in tax policy, where countries around the world have reduced consumption taxes during the pandemic, while Japan has maintained its rates. Fukada criticized the preferential treatment given to media outlets through tax breaks, highlighting the inequities in the current system.

The issue of generational economic disparity was also raised, with Fukada arguing that younger generations are disproportionately affected by rising living costs and stagnant wages. She pointed out that the current financial structure disproportionately benefits the wealthy at the expense of those who are struggling.

As the movement to dismantle the MOF gains momentum, Fukada and Sato’s dialogue underscores a pivotal moment for economic reform in Japan, as citizens call for accountability and transparency in government fiscal policies.