Japan's Princess Mako

The princess, the palace and the shrinking royal line

Princess Mako, 25, will lose her title and leave the cloistered imperial household to live with her husband in the outside world.

She will receive a one-off payment, after which the couple will be expected to provide for themselves. She will vote and pay tax, shop and do her own chores. If the couple have children, they will not be royal.

But her departure means one fewer to carry out official duties. It is also reigniting debate about the shrinking monarchy, the role women play in it and future succession.

Princess gives up her royal status -- for love

The groom-to-be is a prince himself ... of sorts.

The Imperial Household tells CNN plans are underway for the 25-year-old princess, granddaughter of Emperor Akihito, to become engaged to Kei Komuro, also 25, a law firm worker and graduate student who once starred in a tourism campaign as "Prince of the Sea."

The couple met five years ago as students at the International Christian University in Tokyo, Japan's national broadcaster NHK reported.