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Sony Talking PS2 Price Cuts

Corp. said on Tuesday it would cut the price of its PlayStation 2 game console by about 19 percent to 16,000 yen ($138) in Japan as it gears up for the eagerly awaited launch in November of the PlayStation 3.

Although the game division of the Japanese electronics and entertainment conglomerate currently holds an "open price" policy for PS2, letting retailers set their own price, Sony sells the machine online at 19,800 yen.

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