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Business trends

Hotel room rates fall as Japan moves to legalize home-sharing

Prices were down 9% last year in a boon to overseas visitors

More than 10% of foreign travelers use Airbnb-style lodging services in Japan. (Photo by Hiroki Obayashi)

TOKYO -- With Japan set to greenlight home-sharing services, the rise of such accommodation has already brought down hotel prices here, expanding lodging options for the growing ranks of foreign visitors. 

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