Ahhh....the heyday of trf. Back in the mid-90s, there didn't seem to be a month in which the TK Rave Factory wasn't somewhere on the top of the charts. And "Masquerade" was another one of those hits. Up to that point, the only "Masquerade" I'd known was "This Masquerade" by Leon Russell as covered by singers such as George Benson and The Carpenters.
"Masquerade" was created by the ringmaster of the whole TK circus, Tetsuya Komuro（小室哲哉）as trf's 9th single from February 1995. Unlike some of the other hits by the unit, there wasn't nearly as much techno stuff in "Masquerade"; I would say that it could have made for a good TM Network single back in the early 90s. The video is the aspect I remember the most for this song with vocalist YUKI singing in that abandoned public works factory.
This was another No. 1 for trf and sold close to 1.4 million copies. It eventually became the 15th-ranked song for 1995.