In an interview that was posted yesterday with Wired, it was said, through Shigeru Miyamoto's interpreter, that Miyamoto was stepping down to be back on the forefront of gaming again. He wanted to work with the younger designers. Not only that, he wanted to make a project of his own. He hoped to start it in 2012 and have it ready to show the world within a year. The report of the interview can be read HERE.
It seems that Miyamoto “has no intention of stepping down” to assume a smaller role with the company after all. Since this news broke, Nintendo's share price was affected, as it dropped 2 percent to 11,040 yen. This required Nintendo's immediate clarification of this terrible mishap.
A spokeswoman for Nintendo has told Reuters:
This is absolutely not true. There seems to have been a misunderstanding. He has said all along that he wants to train the younger generation.
However, the spokesperson reiterates:
He has no intention of stepping down. Please do not be concerned.