The Japanese transistor is a power type that works up to 180MHz, its supply is 12V and its emitter resistor value is low so it will have a fairly high output power. It might be detected by a very sensitive radio at 5km. It is illegal because it might cause interference.
The extremely simple circuit has the antenna connected directly to the tuned circuit so the variable capacitance of something moving toward or away from the antenna will change the frequency.
The circuit does not have a voltage regulator so if it is battery powered then its frequency will change as the battery voltage runs down.
It is missing pre-emphasis (treble boost) so it will sound awfully muffled on an FM radio (they all have de-emphasis).