Nintendo still aren’t letting slip how on the pricing for their new Wii U console, but president Satoru Iwata has gone on record saying that you won’t be getting the new console on the cheap.

Nintendo’s executive wouldn’t give a ballpark price on their up-and-coming console, but he would admit: “This is not going to be cheap.”

In a seperate interview with Bloomberg, Iwata hinted that the Wii U will likely be priced at more than 20,000 yen ($250) in Japan when it launches next year.

Nintendo of America president Reggie Fils-Aime said earlier this week that the