A two-way clutch includes an outer race having a cam section in an inner periphery, an inner race that is separated in an inside diameter direction with respect to the outer race, and is disposed concentrically to be relatively rotatable, a torque transmission member that is disposed between the outer race and the inner race, and transmits torque, a cage that is capable of engaging with the torque transmission member and is movable in a circumferential direction, a drag strip that is supported by the cage, and a switching mechanism that can cause the two-way clutch to take at least a state locked in two directions by causing the drag strip to slide onto the inner race.