Word: tokyo
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Dates: during 1970-1979
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Japan is entering the New Year in a kind of frenzied euphoria, a mixture of Scotch, sake and dread. The party is almost over, the Japanese seem to be saying, so why not enjoy it while it lasts? TIME Tokyo Correspondent S. Chang reports...
With its night still pierced by nearly all of its famous neon jungles, Tokyo is something of a dragon's palace. It is an outlandish monument to nonchalance in the face of a fuel shortage and economic repercussions that will hurt Japan far more than the U.S., and even more than Western Europe. But behind its hectic face, there is a clearly sensed feeling of desperation, the atmosphere of a Japanese Walpurgisnacht...
...Shinjuku, Tokyo's equivalent of New York's Greenwich Village or London's Soho, the facades of at least 1,000 clubs throw off all the colors of the rainbow. Inside, the thermostats seem to have been raised, not lowered; customers peel off their jackets, and even the bikini-clad B-girls perspire in the heat. At a restaurant on the Ginza, the headwaiter reports a more-frenzied-than-usual pace of drinking. "They drink as though this were their last big fling," he says, both gratified and concerned by the booming sales...
Though filling stations are closed on Sunday, as they are in most of Europe, expressways are as clogged with drivers as usual. On a recent Sunday, 10,000 cars ferried Tokyo's sporting set to the biggest turnout ever at the Nakayama Racecourse. The betting set a record of $44.3 million. "There's something unhealthy about the way they played it this year," observed one official at the Ginza offtrack betting center. That same day, 300,000 shoppers crowded the Mitsukoshi Honten, Tokyo's largest department store, to snatch up a record $8,900,000 worth...
...nine TriStars to Eastern Air Lines; now the deliveries, and payments, have been postponed until 1975 and 1976. Pacific Southwest Airlines is taking a four-month delay on two more TriStars (price: $20 million each). On top of that, Japan's All Nippon Airways, on orders from the Tokyo government, will order only two TriStars for 1975 delivery, rather than the four expected...