20 Best Japanese Whiskies in 2024

In this article, we are going to discuss the 20 best Japanese whiskies in 2024. You can skip our detailed analysis of the Japanese whisky exports, the ongoing major price hikes, and the recent investment in the Japanese whisky industry, and go directly to the 5 Best Japanese Whiskies in 2024.

The influence of Scotch on the Japanese whisky industry cannot be understated. Among the great pioneers of the best liquid gold from the Land of the Rising Sun was a man named Masataka Taketsuru, who went to Glasgow in 1918 with the intention of learning the art of Scotland’s master distillers. It was here that he learnt the secrets of distilling the finest liquor straight from the best in the business, and then brought that precious craft with him back to Japan. After some initial endeavors, Masataka-san founded Nikka Whisky in 1934 where he popularized techniques that eventually helped put Japanese whisky on the world map, thus earning him the title of the ‘Father of Japanese Whisky’.

Japanese Whisky Exports:

Japanese whisky has captivated the sophisticated taste buds of whisky lovers worldwide with its high quality, exquisite craftsmanship, and unique flavor profiles. According to the Japanese Tax Agency, the country’s whisky exports reached $494.4 million in 2022, with the largest markets being China, the United States, and France. While this is a 273% increase from the export figures of 2018, exports still account for less than 10% of the overall Japanese whisky production. The increasing demand for Japanese whisky is also paralleled by the increase in the number of distilleries, as there are over 100 licensed distilleries in the country now – twice as much as ten years ago.

Major Price Hikes: 

With the ongoing Japanese whisky boom across the world, the supply has not been able to keep up with the ever-increasing demand, resulting in massive price hikes for some of the country’s most beloved liquors. Suntory Beverage & Food Limited (OTC:STBFY), one of the Largest Whisky Producers in Japan, announced in November 2023 that it would more than double the price for some of its most prized expressions, such as the Hibiki 30 and Yamazaki 25. Over the last five years, Suntory's Hibiki Japanese Harmony – one of the Best Whiskeys for Your Home Bar – has become nearly 40% pricier, and a 700-milliliter bottle of Yamazaki single malt whisky has also witnessed a 25% increase in price.

Similarly, Asahi Group Holdings, producer of the Nikka brand of whiskies, has also increased the prices of its spirits portfolio by as much as 62% since last month. A bottle of 10-Year Yoichi Single Malt, which returned to shelves a year ago after being discontinued in 2015 due to supply issues, will now retail at around $92 – up 50%. But the biggest price hike comes for the duty-free versions of Yoichi and Miyagikyo single malts, with a 62% increase. Asahi blamed the high global demand for Japanese whisky and the rising cost of manufacturing for the increase in prices, and said the hikes are necessary to maintain quality and a stable supply.