Venice, September 2 - Oscar-winning Japanese film director Hayao Miyazaki will retire following the release of his latest movie, which has premiered at the Venice Film Festival. Studio Ghibli President Koju Hoshino released the news Sunday that Miyazaki, 72, is retiring from feature film directing. Miyazaki wont an Oscar for the film Spirited Away, and is also known for such animated films as Princess Mononoke and Howl's Moving Castle. In 2005, Miyazaki won a lifetime achievement award from the Venice film festival where his film The Wind Rises has just made its premiere. The Wind Rises will reportedly be released in North America by Disney's Touchstone Pictures later this year.