PlayStation 4 will not restrict games from other regions, Sony has announced, in another move that will be seen as an advantage for the company's next generation platform.

It means you could buy a cheaper PlayStation 4 from Japan or North America and play European PS4 games on it with no problems.

The PS4's US price is is about 300. That's a big saving on the system's 399 Euro price, even including shipping fees, and a huge reduction on the Xbox One's 499.

PlayStation exec Shuhei Yoshida confirmed the news via Twitter this morning, just hours after his appearance on stage at E3.