The World: In Tokyo, the Party Is Over

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...

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