In a revealing Q&A session posted on the company’s investor relations site, Nintendo president Satoru Iwata spoke out on the current state of the gaming industry in Japan, noting that he is far from content with software sales and that plans to reverse this are underway.

Yet, I feel that something is wrong when the U.S. is selling ten times as much as Japan on a weekly basis. So, I do not believe Nintendo should be content with the current situation in the Japanese market and believe that we have other methods to confront this.

Further, Iwata admitted that Animal Crossing: City Folk and Wii Music did not meet expectations, acknowledging that both titles failed to “revitalize the Wii market in Japan.” However, Iwata countered this notion by stating that both titles still sold relatively well compared to the competition.

If anything is evident from these statements, it is that Iwata clearly understands Nintendo’s missteps and isn’t afraid to continue innovating, even though certain titles did not perform up to par. 2009 is shaping up to be an interesting year, that’s for sure.

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