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3x increase is actually quite a bit.

Price cuts alone usually don't have a huge impact in Japan most of the time.

Hardware revisions/new colors cause bigger boosts over there. It's the opposite in North America/Europe.

I think Nintendo will have a new Wii color this holiday, either for NSMB Wii (Retro Famicom color Wii would be cool) or one for Tales of Graces probably.