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It's just not on the Japanese side. Licensing rights for America and Europe would have to be sought out.
Funimation has the US rights to Dragon Ball Z/Z Kai. CSC Media Group has the UK rights to Dragon Ball Z Kai. And in Australia Madman Entertainment has the rights to DBZ Kai.
If there's a deep entanglement of red tape to get the rights, Nintendo won't go through with it as evident by the 007 license and Goldeneye 007 N64 (rights are split between Eon Productions, Nintendo, RARE, and now Microsoft -- Activision was a part of the rights tangle with Goldeneye 007 Wii before they dropped the 007 license).