Microsoft slashes Xbox 360 price in Japan

Microsoft is slashing Xbox 360 prices in Japan by about 13 percent as the price war among video game consoles heats up around the world ahead of the key year-end shopping season. The Xbox 360 console will sell in Japan for 34,800 yen ($304) beginning Nov. 1, down from 39,795 yen ($348), the U.S. software maker's Japan unit said Monday in a statement.
A more basic version of the machine now selling for 29,800 yen ($261) will go for 27,800 yen ($243), according to Microsoft Corp. Last week, Sony Corp. cut the price of its PlayStation 3 game console in the U.S. It had already announced similar price cuts in Europe and Japan.
The top-line PlayStation model, with an 80 gigabyte hard drive, now costs $499 in the U.S., down from $599. That effectively eliminates the lower-end model, which has a 60-gigabyte drive and sold for $499. A new low-end model with a 40-gigabyte drive will go on sale Nov. 2 for $399. The big winner in game consoles recently has been Nintendo Co. with its Wii machine, which has a wandlike remote.
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