This has snowballed into quite a situation for Nintendo. It all started earlier this week, when Shigeru Miyamoto said the following (throug a translator) in an interview with Wired:
"Inside our office, I’ve been recently declaring, 'I’m going to retire, I’m going to retire.' I’m not saying that I’m going to retire from game development altogether. What I mean by retiring is, retiring from my current position."
A few things happened shortly after that: Nintendo's stock price dipped by two percent and the company reacted with a series of media comments and an official statement on the matter, the gist of all of that being: Miyamoto's not retiring, and his role's not changing. Now the game designer himself has spoken up to further clarify what he meant with his "retirement" comment.
“We have to construct the structure so that [Nintendo]... can make it without me," he told the Wall Street Journal. "I should also admit that it might be better without me; I mean that a different approach and different talent might emerge, though I shouldn’t dwell on this because then the article might indeed say ‘Mr. Miyamoto is thinking about retiring,’ because that is not the case.”
The article then goes on to say that Miyamoto reconfirmed his previously stated intention to shift his work focus to smaller game concepts, and that those ideas could eventually transform into bigger games. All of which is pretty much in keeping with what he said in the original Wired interview, minus the suggestive "retirement" comments.
Source: Wall Street Journal