Takarabe was born in Miyakonojō city in Miyazaki Prefecture. He graduated at the top out of 80 cadets from the 15th class of the Imperial Japanese Naval Academy. His classmates included Takeo Hirose and Keisuke Okada. When Takarabe was courting the daughter of Admiral Yamamoto Gonnohyōe, his close friend Takeo Hirose approached the admiral and requested that he refuse to allow his daughter to marry Takarabe. "Since Takarabe is a man of great talent and intelligence, he is destined to one day become an admiral. However, if he is married to your daughter, people will say that his advancement was due to family connections, rather than his abilities." However, Yamamoto ignored Hirose and allowed Takarabe to marry his daughter. As Hirose had predicted, with each promotion and advancement Takarabe later made in his career, he had enemies and detractors who attributed it to his family ties, and who called him “the princeling” behind his back. Takarabe served his midshipman tour on the corvette, and cruiser. After being commissioned as an ensign, he was assigned back to Takechiho, followed by the cruiser. From 1891 to 1892, he was appointed naval attaché to France. Returning to attend navigational training in Japan, Takarabe was promoted to lieutenant in 1894 and assigned to the cruiser during the First Sino-Japanese War, eventually becoming chief navigator. From June 1897 to April 1899 Takarabe was sent to Great Britain for studies. After his return to Japan, he was promoted to lieutenant commander and assigned to the destroyer, of which he became captain in 1900. He served in various postings within the Imperial Japanese Navy General Staff thereafter, becoming a commanderin September 1903. During the Russo-Japanese War, Takarabe served on the Imperial General Headquarters, formulating strategy and tactics. In 1905 he was promoted to captain, and after the end of the war, spent six months in England in 1907. From September 1907 to September 1908, Takarabe was captain of the cruiser, and from September–December 1908 captain of the battleship. He served as chief of staff of the IJN 1st fleet in 1909, and became Vice Minister of the Navy on his promotion to rear admiral in December 1909. In December 1913, Takarabe was promoted to vice admiral. He was commander of the Ryojun Guard District in 1916, and commander in chief of the Maizuru Naval District in 1918, and commander in chief of the Sasebo Naval District in 1919. Takarabe was promoted to full admiral in November 1919. He became commander in chief of the Yokosuka Naval District from July 1922. From 15 May 1923 to 7 January 1924, Takarabe served as Naval Minister in the cabinets of Prime MinisterKatō Tomosaburō and Prime Minister Yamamoto Gonnohyōe. Takarabe was Navy Minister again from 11 June 1924 to 20 April 1927 in the cabinet of Prime Minister Katō Takaaki and first cabinet of Prime Minister Wakatsuki Reijirō, and once more from 2 July 1929 to 18 November 1929 in the cabinet of Prime Minister Hamaguchi Osachi. From 1929–1930, Takarabe was on the Japanese delegation at the London Naval Treaty negotiations. Takarabe was considered a political moderate, and was a leading member of the Treaty Faction within the Imperial Japanese Navy. He strongly opposed the growing militarization of Japan, and sought to maintain diplomatic ties with Great Britain in hopes of reviving the Anglo-Japanese Alliance. His support of the London Treaty and disarmament led Takarabe to be branded a “traitor” by the rightists and by the Fleet Faction members of the Navy, and also led to an assassination attempt. During his final term in office, the military was embroiled with the chain of command controversy as to whether or not the Imperial Japanese Army and Imperial Japanese Navy were answerable to the elected Diet of Japan and the Prime Minister, or were answerable only directly to the Emperor of Japan. Takarabe went into the reserves in 1932, and retired in 1937.