The v5 doesn't pause like the rest of them, as I'm sure you figured out lol. But if you go into the Traveling channel, click "Go!". Your tama will animate and stuff, riding on a bus and a helicopter and sorts until you tell it to come back. it has the same basic effect of pausing it. When you're ready for it to come back, just press the B-Button and select yes twice, and you're good to go!
(Heh yeah, the person above me must have posted at the same time Mods, feel free to delete for SPAM and whatnot.)