<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>jeqrotasof103109.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 October 31, 2009.  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 October 31, 2009, and with respect to agreement of security
purchases and sales, for the period from July 31, 2009 (the date
of our last examination), through October 31, 2009:

-	Confirmation of securities and cash held for the Fund at the
Fund's Sub-Custodian (Sumitomo Mitsui Banking Corporation);

-	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 July 31,
2009 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 18, 2009

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</TEXT>
</DOCUMENT>
