Microsoft will be reducing the price of this generation’s Xbox 360 Arcade in Japan this week to ¥19,800 (~$183.00.) Next week, expect the cost of the 60GB 360 to drop to ¥29,800 (~$275.00) and the 120GB Elite to go down to ¥39,800 (~$368.00.) This means that it will be cheaper than the Wii in that country. However, it doesn’t necessarily mean that it will top it in sales. Stay tuned for U.S. price cut announcements later this month.