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Sharing Economy

Japan home-sharing law causes owners to exit market

Frustration grows over burdensome rules in long-awaited deregulation

A room in Tokyo's Ota Ward. Vacation rentals like these are closing their doors ahead of a new law taking effect this month.

TOKYO -- As Japan prepares to legalize home-sharing businesses this week, some people who currently rent out their homes are, in fact, seeing the long-awaited deregulation as a sign to exit the market.

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