<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>4
<FILENAME>jeq17f2mgtrptasof90607.txt
<DESCRIPTION>MANAGEMENT STMT.
<TEXT>



Management Statement Regarding Compliance with Certain Provisions
of the Investment Company Act of 1940

We, as members of management of The Japan Equity Fund, Inc. (the
Fund), are responsible for complying with the requirements of
subsections (b) and (c) of Rule 17f-2, Custody of Investments by
Registered Management Investment Companies, of the Investment
Company Act of 1940.  We are also responsible for establishing
and maintaining effective internal controls over compliance with
those requirements.  We have performed an evaluation of the
Fund's compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 as of September 6, 2007, and from July 31, 2007
through September 6, 2007.

Based on this evaluation, we assert that the Fund was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of September
6, 2007, and from July 31, 2007 through September 6, 2007, with
respect to securities reflected in the investment account of the
Fund.


The Japan Equity Fund, Inc.


By:

/s/ John J. O?Keefe




Vice President and Treasurer

Title

December 21, 2007

Date






</TEXT>
</DOCUMENT>
