時間旅行(jikan ryokou) would be the translation in Japanese, but we usually don't use it, instead we would say タイムトラベル (taimu traberu, time travel) or タイムスリップ (taimu surippu, time slip).
"Time(タイム)", "travel(トラベル)" and "slip(スリップ)" are already recognized as Japanese words.