The Japanese government has reportedly planned to abolish the newly established Capitalism Conference. The conference, created as a platform to discuss the future of capitalism and economic reforms in the country, has been under scrutiny since its inception. The decision to abolish the conference comes amid growing skepticism of its effectiveness in addressing the nation's economic challenges. The timeline for this implementation is yet to be confirmed.

This news has been a topic of considerable debate within Japan, as the Capitalism Conference was seen as a significant move to modernize the country's economy. Some sectors of society are concerned about the decision's implications on prospective economic reforms. The ethos of capitalism, balanced economic growth, and its impact on society are central to this discussion.

It is comparable to situations in the US and EU where alterations in influential economic and political forums are met with public scrutiny and debate. Such platforms are typically responsible for setting economic priorities and guiding policy-making.