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Re:Abe explains choice of Reiwa for next era name by tanilama on Monday April 01, 2019 @02:35AM (#19541024)
In this particular case, '令月' means[1], a good month.

https://kotobank.jp/word/%E4%BB%A4%E6%9C%88-660939

If we have to trace back even further, it can date back to the ancient Chinese classic, the Classic of Poetry, where it is being used as good/respectful:

https://baike.baidu.com/item/%E4%BB%A4%E9%97%BB%E4%BB%A4%E6%...

Re:Abe explains choice of Reiwa for next era name by needle0 on Monday April 01, 2019 @03:58AM (#19541384)
The namers can publicly claim it to mean one thing while privately intending to be another, of course.
Re:Abe explains choice of Reiwa for next era name by tanilama on Monday April 01, 2019 @04:38AM (#19541533)
In case of Chinese characters, they can be interpreted under different context, I agree.