<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>jeq17f2rtp053008pwc.txt
<DESCRIPTION>PWC LETTER TO BOARD
<TEXT>




Report of Independent Registered Public Accounting Firm

To the Board of Directors of
The Japan Equity Fund, Inc.

We have examined management's assertion, included in the
accompanying Management Statement Regarding Compliance with
Certain Provisions of the Investment Company Act of 1940, that
The Japan Equity Fund, Inc. (the ?Fund?) complied with the
requirements of subsections (b) and (c) of Rule 17f-2 under the
Investment Company Act of 1940 (?the Act?) as of May 30, 2008.
Management is responsible for the Fund's compliance with those
requirements.  Our responsibility is to express an opinion on
management's assertion about the Fund's compliance based on our
examination.

Our examination was conducted in accordance with the standards
of the Public Company Accounting Oversight Board (United
States) and, accordingly, included examining, on a test basis,
evidence about the Fund's compliance with those requirements
and performing such other procedures as we considered necessary
in the circumstances.  Included among our procedures were the
following tests performed as of May 30, 2008, and with respect
to agreement of security purchases and sales, for the period
from October 31, 2007 (the date of our last examination),
through May 30, 2008:

-	Confirmation of securities and cash held for the Fund at the
Bank of New York (there were no securities held by Daiwa
Securities Trust Company, the Fund's Custodian, at May 30,
2008);

-	Reconciliation of all such securities to the books and records
of the Fund and the Fund's Sub-Custodian (Sumitomo Mitsui
Banking Corporation);

-	Confirmation of all securities out for transfer with brokers
or validation of open trades through subsequent liquidation;
and

-	Agreement of 3 security purchases and 3 security sales or
maturities since our last report from the books and records of
the Fund to broker confirmations.

We believe that our examination provides a reasonable basis for
our opinion.  Our examination does not provide a legal
determination on the Fund's compliance with specified
requirements.

In our opinion, management's assertion that The Japan Equity
Fund, Inc. complied with the requirements of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 as
of May 30, 2008 with respect to securities reflected in the
investment account of the Fund is fairly stated, in all
material respects.

This report is intended solely for the information and use of
management and the Board of Directors of The Japan Equity Fund,
Inc. and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than
these specified parties.




PricewaterhouseCoopers LLP
New York, New York
December 16, 2008





1

3

</TEXT>
</DOCUMENT>
