This is what he said in a recent corporate briefing:
“We believe that each software should have its own price point depending on its volume, theme, contents or energies and time spent for the development, namely, the development costs,†he commented, continuing by saying that “once the suggested retail price is announced, we should stick to it.â€
He went on to say:
“If the suggested retail price of any and all software is marked down in 6 months or 9 months, the customers will learn the cycle and wait for the discounting,†he explained, “which will simply aggravate the decreasing sales of new software.â€
I understand his feeling that Nintendo and other publishers feel that they don’t want the perception of their games to be of cheap quality because of the price but it’s still not good for us consumers. You can read more here