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Japan's home-sharing listings grow ten-fold on month to 1,000 ahead of new law

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's home-sharing listings have crossed the 1,000-mark, the nation's tourist agency said on Wednesday, ahead of a new law regulating the practice comes into effect on Friday. The count is 10 times higher from a month ago, but still lags 62,000 listings the market leader Airbnb Inc had by earlier this year.Japan will enact the private temporary lodging, or "minpaku," law, on June 15. The law requires hosts to register with the government apart from imposing other rules and restrictions. Japan has received 2,707 applications nationwide as of June 8, of which 1,134 were ...

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First Published: Wed, June 13 2018. 13:08 IST