The next Japanese era will be REIWA or 令和. I haven’t gotten an English translation yet.

asahi.com

I watched the announcement on streaming TV. Interestingly, the actual display of the new era’s characters was done by means of holding up a picture frame, in which the characters, written in very large calligraphy, had been mounted.

The Reiwa era starts on May 1, with the new emperor, Naruhito.