Nintendo's Global Plan Hit by Recession

Speaking at a press conference after the company's financial briefing back in March (the translated transcript of which has only just been released), Iwata cited tough exchange rates and topically price-conscious customers as reasons to why the firm has delayed its global expansion plans.

"Developing business in newly emerging nations is becoming a bit harder than before due to the rapid change in economic circumstance since last fall," he said. "Foreign currency exchange rates are fluctuating."

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