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Sharing Economy

Airbnb pins Japan cancellation chaos on 'adjustment period'

New home-sharing law actually makes for 'rosy future,' co-founder says

Airbnb co-founder Nathan Blecharczyk explains the company's plans to partner with 36 Japanese companies at a news conference in Tokyo on June 14. (Photo by Ken Kobayashi)

TOKYO -- Mass cancellations of Airbnb bookings in Japan ahead of new legislation are the result of an "adjustment period," the home-sharing platform's co-founder said on Thursday, suggesting this is simply a bump in the road.

Japan's home-sharing law is to take effect on Friday, requiring hosts to register and regulating an industry that has hitherto operated in a legal gray zone. "There have been some challenges in a short time because it is an adjustment period, but we can get through that," Nathan Blecharczyk, Airbnb's co-founder and chief strategy officer, told the Nikkei Asian Review.

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