🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Japan formally proclaims Crown Prince Akishino heir to throne

Published 11/07/2020, 09:44 PM
Updated 11/08/2020, 01:16 AM
© Reuters. Japan's Crown Prince Akishino poses with his wife Crown Princess Kiko and their children, Princess Mako Princess Kako and Prince Hisahito at their residence in Tokyo
HTHIY
-

TOKYO (Reuters) - Japan formally proclaimed Crown Prince Akishino the first in line as heir to the throne on Sunday, the last of a series of ceremonies after his elder brother, Emperor Naruhito, became monarch last year following their father's abdication.

The day-long ceremonies at the palace had been scheduled for April but were postponed because of the coronavirus pandemic and have been scaled back as infection keeps rising, although Japan has escaped the explosive outbreak seen in many other countries.

Under Japanese law, only males can inherit the throne, so Naruhito's only offspring, 18-year-old Princess Aiko, is ineligible. Moves to amend the law lost steam when Akishino's wife bore a son, Hisahito, in 2006.

"I deeply ponder the responsibility of Crown Prince and will discharge my duties," Akishino in orange robe said in front of attendees, most of whom were wearing masks, according to footages by public broadcaster NHK.

Akishino, 54, is one of just three heirs to the throne along with Hisahito, 14, and Prince Hitachi (OTC:HTHIY), 84, the younger brother of Emperor Emeritus Akihito, who stepped down last year in Japan's first abdication in two centuries.

Changes to the succession law are anathema to conservatives, but debate over how to ensure a stable succession is likely to intensify.

One option is to allow females, including Aiko and Hisahito's two elder sisters, to retain their imperial status after marriage and inherit or pass the throne to their children, a change that surveys show most ordinary Japanese favour.

© Reuters. Crown Prince Fumihito leaves the Imperial Palace after being formally declared first in line to the Chrysanthemum Throne during a ceremony in which Emperor Naruhito proclaimed his younger brother

Conservatives want to revive junior royal branches stripped of imperial status after the war.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.