CVG reveals that a spokeswoman for the Japanese branch of Microsoft refused to confirm an earlier report from Jiji News Agency that Microsoft might lower the price of Xbox by around 5,000 yen - about £27.00. The console currently retails for 24,800 yen, about £135.00.
Earlier this week Sony announced plans to cut the price of the PS2 by around 20 percent in a bid to boost sales, while Nintendo lowered the price of GameCube in the region last month.
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