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I don't know about saving the Japanese market but I think it'll be great for the industry (especially Japan) if Nintendo can get good support from 3rd parties. If what tech experts and those familiar with Nvidia and such (such as the videos I posted sometime ago about the Switch's hardware not being as big as a problem as we keep assuming it would be), and the fact that some devs are confirming that Nintendo is reaching out to them, then there's no excuse to at least try to provide a little more than the bare minimum of support (i.e., Mass Effect 3 instead of the whole Trilogy, no DLC from Watch Dogs, etc.). If DQXI is similar to that of the PS4 in terms of design and that Skyrim Remastered is coming, then that shows that the system should be powerful enough to handle most of Japanese games coming or that already released.

With Splatoon being the game of the generation for Japan and Pokemon, Mario, Smash, and Zelda remaining relevant WW, Nintendo can go up from where they are at the moment. Though apparently there's only one way to go anyway, and that is up.