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Japanese towns adopt own rules to curb home-sharing

Residents wary of trouble as practice quickly spreads

Japan's home-rental market is projected to reach 200 billion yen ($1.76 billion) in 2020.

TOKYO -- With Japan set to legalize Airbnb-style home rentals nationwide next June, towns in Tokyo, Kyoto and elsewhere are readying their own regulations to assure residents worried about the business model quickly taking root in the country.

Tokyo's Ota Ward -- the first in the nation to introduce home sharing under a special economic zone program -- on Friday passed new restrictions, forbidding home rentals starting in June 2018 in residential areas where hotels or inns are not permitted.

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