Looks like the Japanese are ready to cash in on the Paranormal Activity craze with the recent release of their own take on the story of a couple haunted by a malevolent spirit, Paranormal Effect.

The film is currently available for rental and purchase through Amazon's Video on Demand service.

Titled Ju-So in Japan, directors Ryuichi Asano and Teruo Ito have crafted a low budget fright flick that looks like a cross between Paranormal Activity and the Ghost House Underground flick Seventh Moon. I'm not entirely sure that's a good thing--I thought Seventh Moon was pretty terrible--but I'm sure I'll wind up watching this at some point anyway. The things I do for you guys...

Paranormal Effect finds Reiko and her American boyfriend Darren vacationing in Japan. Like a typical American lout, Darren winds up disturbing a cave that is said to house ancient Shinto gods. Next thing you know, our couple is enduring an all-out assault by supernatural forces--an onslaught they attempt to catch on tape. Naturally, lots of spooky hi-jinks follow...

Jump past the break to check out the final trailer for the film (tip o' the hat to Bloody-Disgusting for catching it before I did) and be sure to check out Paranormal Effect's official website for more details on the production.