New Media 'NoBorder', Breaking Terrestrial TV Taboos, Releases Latest Episode #41

NoBorder Inc. (Headquarters: Minato-ku, Tokyo; CEO: Yuji Mizoguchi), which operates the new media outlet 'NoBorder' that breaks terrestrial TV taboos, is pleased to announce the release of "#41 The Root of Japan's Decline, 'Consumption Tax'—The 'True Cause' of the Widening Wealth Gap and Wage Decline... The Truth of the Future Brought by Tax Cuts" today at 21:00.

In the previous episode, NoBorder #40, the discussion revolved around the possibilities and risks of "responsible active fiscal policy," exploring a path to Japan's economic revitalization. In NoBorder #41, the focus shifts to "consumption tax cuts," a specific measure proposed, to examine from multiple angles how this policy will affect the lives of the people.

Prime Minister Takaichi aims to realize "zero consumption tax on groceries for two years." According to one estimate, this is expected to reduce the burden on households by approximately 88,000 yen annually. While there are expectations that this will help curb expenses, there are also concerns about the progression of inflation and its impact on public finances.

A consumption tax cut, which would be the first in history if realized. Does it lead to an improvement in people's lives, or will it bring new challenges to the surface? The program features guest MC Heizo Takenaka, along with pundits who have been involved in the Japanese economy and policymaking, to debate the merits of this policy.

#41: "The Root of Japan's Decline, 'Consumption Tax'—The 'True Cause' of the Widening Wealth Gap and Wage Decline... The Truth of the Future Brought by Tax Cuts"

https://youtu.be/JKUYfhn42dI

Highlights of the Latest Episode

◾️Why Question "Consumption Tax Cuts" Now? The two-year consumption tax cut proposed by Prime Minister Takaichi is presented as a support measure for citizens facing high prices. However, discussions are also needed regarding its impact on inflation and its relationship with fiscal discipline.

Furthermore, this policy is positioned as a transitional measure until the introduction of a "refundable tax credit," but its appropriateness and system design also require examination.

At a time when both "countermeasures for immediate price hikes" and "fundamental reform of the future social security system" are needed, questioning the pros and cons of consumption tax cuts has become a crucial point of discussion concerning Japan's future.

A Policy Debate That Breaks Taboos

During the program, the following points were raised:

・Will consumption tax cuts lead to an improvement in people's lives?

・Risks if inflation progresses

・The direction of reforms for social insurance premiums and the social security system

・The role of corporate tax and strengthening corporate supply capacity

The discussion went beyond the pros and cons of consumption tax cuts to cover a wide range of topics, including the introduction of refundable tax credits, the nature of income redistribution, and the sustainability of the social security system.

Furthermore, the debate extended to themes difficult to address on terrestrial TV, such as the prospect of basic income, challenging vested interests like the Japan Medical Association, and the issue of fraudulent tax exemptions by foreigners.

◾️Diverse Cast and Guest MC

Following up on episode #40, this episode once again brings together pundits who know the front lines of the Japanese economy, including policy makers, analysts, and journalists.

The pundits include Kei Asakura, an economic analyst providing a market perspective; Takashi Uesugi, who has long covered politics and media; Hiroyuki Kishi, a former secretary to Heizo Takenaka with deep knowledge of policy implementation; Seiji Kihara, a central figure in the Takaichi administration's policy-making; Junio Kubota, who offers sharp insights into economic and social structures; and Kyoto University professor Satoshi Fujii, an advocate of active fiscal policy.

The guest MC is Heizo Takenaka, who served as Minister of State for Economic and Fiscal Policy in the Koizumi cabinet, navigating the debate from the perspective of his long experience in policymaking.

Multi-faceted discussions unfold, including a debate between Heizo Takenaka, who once led structural reforms in the Koizumi cabinet, and his former aide Hiroyuki Kishi, as well as a confrontation between Satoshi Fujii, who advocates for active fiscal policy, and Mr. Takenaka.

Guest MC: Heizo Takenaka (Former Minister of State for Economic and Fiscal Policy)

Participants:

Kei Asakura (Economic Analyst & Investor)

Takashi Uesugi (Journalist) Hiroyuki Kishi (Former Secretary to Heizo Takenaka) Seiji Kihara (Secretary-General of the Japan Growth Strategy Headquarters directly under Prime Minister Takaichi) Junio Kubota (Non-fiction Writer) Satoshi Fujii (Professor, Graduate School of Engineering, Kyoto University)

Viewer Participation Project (Survey)

After the program is released, a viewer survey will be conducted on the official NoBorder X account. We provide a platform for viewers to think and express their own opinions through the program, so please participate.

NoBorder Official X: https://x.com/NoBorder_info

About the NoBorder Official App

NoBorder has launched an official app. In the official app, you can enjoy behind-the-scenes and in-depth content such as the following:

● Behind-the-scenes photos of the cast ● Unreleased cuts and exclusive footage

● After-talks following the video release ● Special releases of deleted past episodes

We will develop this as a space where you can experience the world of NoBorder more three-dimensionally, alongside the main program.

How to Access the App

The NoBorder official app is accessible from the official LINE account. First, please add the NoBorder official LINE as a friend and proceed to the official app from the guidance within LINE.

▼ NoBorder Official LINE https://lin.ee/rUR8U3T?openExternalBrowser=1

What is 'NoBorder', the New Media Breaking Terrestrial TV Taboos?

"NoBorder" is a new media outlet where serial entrepreneur Yuji Mizoguchi stakes his life to approach the "contours of truth." It tackles themes that are difficult for existing media to handle, inviting pundits from diverse backgrounds and specialties to engage in multifaceted discussions that are not based on foregone conclusions.

FAKE OR FACT——

You draw the BORDER yourself.

◾️Broadcast Information

Program Name: NoBorder

Episode: #41

Title: "The Root of Japan's Decline, 'Consumption Tax'—The 'True Cause' of the Widening Wealth Gap and Wage Decline... The Truth of the Future Brought by Tax Cuts"

Release Date: Every Saturday at 21:00

Distribution Medium: YouTube

Viewing Method: Free to watch

Viewing URL: https://youtu.be/JKUYfhn42dI

Homepage/Official SNS

Official X: https://x.com/NoBorder_info

Official Instagram: https://www.instagram.com/noborder_jp/

Official YouTube: https://www.youtube.com/@NoBorder_jp

Official TikTok: https://tiktok.com/@noborder_jp?_t=ZS-8xr4GPnWz0Z&_r=1

【NoBorder Inc. Overview】

Company Name: NoBorder Inc.

CEO: Yuji Mizoguchi

Business Content: Planning, production, and distribution of journalism media

Contact: info@no-border.jp