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Sharing Economy

Airbnb's Japan purge threatens to trigger 30,000 cancellations

US company sets aside $10m to soothe panicked travelers

A room offered for short-term rental in Tokyo. A new law that takes effect on June 15 requires hosts to obtain a license. (Photo by Keisuke Takahashi)

TOKYO -- Airbnb's mass culling of home-share listings in Japan earlier this week could translate to more than 30,000 room cancellations by the end of the month.

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