Airbnb finally getting the nod in room-starved Japan

Tokyo

AIRBNB Inc is finally getting the green light to do business in Japan after years of operating in grey areas of the law.

Prime Minister Shinzo Abe's cabinet approved rules on Friday that limits home-sharing by private citizens to 180 days a year, according to the final draft of the legislation. The bill, which also leaves room for local authorities to impose their own restrictions, is now submitted for deliberation and approval by Japan's parliament.