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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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Japan

Japan’s First Imperial Abdication in Two Centuries Now Has a Date

By
David Meyer
David Meyer
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By
David Meyer
David Meyer
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December 1, 2017, 4:29 AM ET

Emperor Akihito of Japan will abdicate the Chrysanthemum Throne at the end of April 2019, the country’s government has announced. He will be succeeded by Crown Prince Naruhito, Akihito’s oldest child.

With the law generally not allowing emperors to abdicate, Akihito will be the first to do so in two centuries—the last was Kōkaku, in 1817.

However, Akihito, who is 83 and will have held the role for 30 years at the time of his imminent abdication, indicated in a rare public address last year that he was “concerned” about his ability to fulfil his duties as emperor.

The role of Japanese emperor is a symbolic one these days, and it was really up to the government to decide what to do about Akihito’s implied desire to step down.

The government passed legislation in June allowing Akihito to abdicate within the next three years. The time-limited law is specific to this emperor.

And now a date has been set for Akihito’s departure. The timing, which will come after the beginning of a new fiscal year, will reportedly allow people to take longer holidays than usual.

“I feel deeply moved that the decision was made smoothly by the Imperial House Council, marking a major step toward an imperial succession,” said prime minister Shinzō Abe on Friday after a meeting of the council, which includes politicians, supreme court judges and members of the imperial family.

Akihito is the son of the late emperor Hirohito, who was head of state when Japan attacked China and the U.S. in World War II.

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