The price has effectively been lowered due to the current Yen exchange rate, at least relative to the amount of profit each console brings Nintendo in both the US and EU territories.
The benefit Nintendo sees from staying firm on pricing, is that those who currently want one are not under the illusion that a price drop is right around the corner, causing them to wait, much like those who are/were expecting a $299 PS3 this season.
So if any territory is to see an MSRP price cut in the near future, it will be Japan first, and only in the interest of stimulating further sales.
Before that even happens, Nintendo will most likely release new bundles and color options first at current prices.
But so long as inventory levels continue to be soaked up by consumer demand, we won't even see that until buying trends change.
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