On 14 March 2025, people protested in front of the Ministry of Finance in Tokyo - Chiyoda, to call for tax reduction. Protesters chanted slogans such as 'End austerity!' and 'Lower gasoline prices!' and 'The Ministry of Finance is the enemy of the people-dismantle it!'

Supply-chain Risk Briefing

1. Summary

On March 14, 2025, peaceful protests demanding tax cuts and opposition to austerity policies occurred in front of the Ministry of Finance in Tokyo. Protesters demanded 'end to austerity policies' and 'gasoline price reductions', with risk level assessed as low.

2. Supply-chain impact

• Japan domestic market — Demands for gasoline price reductions suggest energy cost burdens are spreading to businesses and consumers, with continued pressure for rising logistics costs due to increased transportation expenses
• Central Tokyo logistics — Chiyoda ward, where the Ministry of Finance is located, is Japan's financial and administrative center; potential for temporary delays in urban logistics flow if large-scale protests expand
• Policy uncertainty — Increasing pressure for tax reform could act as a factor requiring modification of corporate investment plans and supply-chain strategies

3. Watch points

• Protest expansion — Possibility of increased policy change pressure if similar demands spread to other cities or industrial sectors
• Government response — Whether and when policy changes such as tax reform or fuel tax adjustments will be announced