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Sony drops the price of the PlayStation 4 in Japan

Earlier today Sony held its press conference at the Tokyo Game Show. The company made a variety of announcements, including renaming Project Morpheus to PlayStation VR, but one particular announcement will be of interest to those who have held off on buying a PlayStation 4 in hopes of a price drop.

Sony announced that the PlayStation 4 is getting its first official price drop in Japan, starting October 1. The new price will be 34,980 yen, or around $292. This is down from its original price of 39,980 yen, or roughly $335.

Related: Sony’s updated PS4 will be thinner, lighter, boast 1TB storage

Japan is the only region that the price drop has been announced for so far, but that shouldn’t come as a surprise given where the show takes place. Sony has said it will have a major presence at the upcoming Paris Games Week, as Engadget points out, so the PlayStation 4 could see a price drop in Europe announced then.

The price drop was only announced for the 500GB version of the PS4, as the 1TB version isn’t out yet in Japan. At least in the U.S., the 1TB PlayStation 4 was announced at the same price as the lower-capacity version, so it’s possible that when that version is available in Japan, it will sell for the same price.

For those waiting for a price drop on the PlayStation 4 in the U.S., you’ll probably have to wait until December at the very earliest. Sony’s two-day PlayStation Experience will kick off in San Francisco on Dec. 5, and while we might see a price drop to $350 announced there, we likely won’t see one announced any sooner.

Related: PS2 classics, including Dark Cloud 2, rated for upcoming PlayStation 4 release

Yesterday we reported that the first PlayStation 2 games might be coming soon to the PS4, according to PEGI submissions. The games include Ape Escape 2, Dark Cloud 2, and Twisted Metal Black. No timing on when the games might be released in the U.S. was announced.