Mr. Takashita

Mock Japanese slang - To defecate, evacuate one's bowels. "Take a shit", expressed in an appropriate mock dialect ("TOCK-ah-SHEE-Tah")

Back in a moment, Ron ... I've gotta take this call from Mr. Takashita.

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Meeting With Mr. Takashita

A socially acceptable way to let someone know you are going to use the restroom.

I'll have to call you back, about to jump into a meeting with Mr. Takashita.