Just a quick update to a previous posting. A group of major Japanese Whisky producers have agreed to implement a set of rules for the use of the term 'Japanese Whisky'. The rules are a modified version of those rules used in Scotland for scotch and specifically indicates that the major processing steps must be completed in Japan. so no more blended foreign whiskies being passed off as 'Japanese'. Rules do not take full effect till 2024, allowing them to sell off existing bottled stock. This can only be a good thing.
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What effects will this have on the market? Can we expect to see a steep rise in the cost of Japanese Whisky due to these regulations?