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Nautilus said:

No, I don't think it would. Physical sales, even buying through the internet, you can easily find them for around 300 to 350 BRL.

Where? I browser games on Mercado Livre every week. Good Luck finding Animal Crossing for less than 400 BRL there, or Mario Kart 8 or BOTW for less than 380

I only find games for 300 BRL on very obscure Facebook selling groups. Maybe minor game releases like Astral Chain we can find for 320-340 BRL, but really big blockbusters? 

As for eshop, Switch is not Steam, its shop is not region lock, that's the problem. If they go aggressive on pricing digital store (let's say 200 BRL) they will register a much more massive loss because elsewhere people will just change their regional eshop to buy in BR eshop