<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>jeq17f2rpt103110.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, 2010.  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, 2010, and with respect to agreement of security
purchases and sales, for the period from September 30, 2010
(the date of our last examination), through October 31, 2010:

-	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 2 security purchases and 2 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 October 31, 2010 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 9, 2010





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</DOCUMENT>
