Many of you are probably wondering why we haven’t had a Wii U price cut in recent times due to the relatively sluggish sales of the console. Well, you will be interested to know that Nintendo president Satoru Iwata blames exchange rates as the reason why there has been a lack of official discounts on the Nintendo’s latest home console.

“I think, to be honest, we were in a difficult situation,” said Iwata. “Because for the home console our biggest market opportunity was in the overseas markets in the U.S. and Europe, but because of the valuation of the yen and the exchange rates into dollars and euro, it made it a difficult proposition for us to capitalize on that, because of the cost that we were forced to sell the system at.”

Thanks, JapanGamer