That’s because you naturally consider your species to be the pinnacle of evolution. Since fugu are not human, they must therefore be less complex. That way lies the dog’s ass plot.
So you have just admitted that at least 80% of the human genome is junk, and that there is no particular correlation between genome size and complexity.
Oh, I should point out that if the human genome were reduced to the part we consider functional (the conserved bits), the genome would still be 80% non-coding. Functional non-coding sequences far outnumber functional coding sequences. This is no help for your claims.