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Sharing Economy

Panasonic rides home-share wave with affordable lodging

Rooms in central Tokyo and Osaka to cost $45 a night per person

Panasonic will build multistory buildings like this one for its guest-apartment business.

OSAKA -- Panasonic will enter the lodging business, undertaking everything from design to construction and operation of guest apartments as it seeks to ride the home-share wave in Japan. 

The Japanese conglomerate best know for home appliances sees demand for affordable lodging growing in the wake of a home-sharing law that took effect on June 15. Subsidiary Panasonic Homes will start by erecting about 10 buildings in the initial year in Tokyo and Osaka, expecting to generate 5 billion yen ($45.66 million) in sales.

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