The McLaren driver, Toro Rosso's Sebastian Vettel and Red Bull's Mark Webber, plus team officials, met stewards at the Chinese Grand Prix and watched parts of the Japan race, including amateur footage of an accident that sparked the investigation.
Vettel and Webber collided, and later claimed they crashed because Hamilton was speeding up and slowing down while the field was behind the safety car in wet conditions.
"The involvement of Lewis Hamilton in this incident has also been considered in the light of the evidence given by him, his team manager and in particular all other parties present and no penalty is imposed on him," the stewards wrote after finishing the investigation.
Vettel also had a penalty reduced. He was originally penalized 10 places on the starting grid for the Chinese GP but it was reduced to only a reprimand.
"I am honestly happy with the result and looking forward to the weekend and approach tomorrow and just want to try to win the race," Hamilton said. "It was just really tough today. Now I am relaxed. I can really focus and get a good night's sleep and come back tomorrow and enjoy the weekend."
Before the decision, there was speculation Hamilton could be punished over the Japan incident by being moved backwards on the grid in China, jeopardizing his hopes of clinching the drivers' title in Shanghai.
Hamilton leads the championship by 12 points, ahead of McLaren teammate Fernando Alonso with two races remaining. He will win the title on Sunday if he finishes ahead of Alonso or only drops one point relative to the Spanish driver.