# Aberdeen Japan Equity Fund, Inc. (NYSE: JEQ)
» Closed-End Fund Center
Keep Updated

Daily Data

At close Nov 20, 2014

Market Price$7.21
Unadjusted NAV**$8.14

The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.


Request Information

If you require further information on any of our Closed-End Funds:


Email Us





Aberdeen Japan Equity Fund, Inc. (NYSE: JEQ)****

Investment Objective

The investment objective of the Fund is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index ("TOPIX"), a composite market-capitalization weighted index of all common stocks listed on the First Section of the Tokyo Stock Exchange ("TSE").

Hugh Young

Asian Equities Fund Manager Interview

The Association of South East Asian Nations (ASEAN) region has been a major part of Aberdeen’s Asian equity portfolios for quite some time. Aberdeen’s Head of Asian Equities, Hugh Young, speaks to the equity performance of ASEAN countries and explains why he believes the ASEAN region presents compelling investment opportunities.

Download now

Aberdeen Japan Equity Fund, Inc. Webcast Update

Flavia Cheong gives an update on the Aberdeen Japan Equity Fund, Inc. and provides some color into some of the macroeconomic trends that are affecting the region.


Fund Manager Interview

Kwok Chern Yeh, Head of Investment Management, Japan, discusses the flat performance of Japanese stocks, small-cap vs. large-cap performance and our focus on what we view as high-quality companies.

View now

Manager's Monthly Report

September 2014

  • Japanese equities posted gains in local currency terms in September, driven by the weakness in the yen and expectations of further economic stimulus. Economic data were soft during the month, as the consumption tax hike earlier in the year continued to weigh on market sentiment.
  • The outlook among large manufacturers improved in the September quarter on the back of the weaker yen, whereas the services sector suffered a loss of confidence.
  • Prime Minister Shinzo Abe reshuffled and replaced two-thirds of his cabinet, as the administration attempts to regain momentum for “third-arrow”* reforms. Most notable was the appointment of Yasuhisa Shiozaki, a pension reform specialist, as minister of health, labor and welfare.
  • In Fund-related news, Fanuc raised its full-year profit forecast substantially, citing growth in some segments of the IT industry. This may reflect surging demand for its Robodrill high-precision cutting machines used to cut out metal casings for mobile phones. Separately, the industrial robot-maker will acquire land in the Tochigi prefecture to increase capacity of its main products, including the top-earning computer numerical controls, which control machine tools and robots.
  • In Fund-related second-quarter results, baby products maker Pigeon reported better-thanexpected earnings. Cost management and an improved product mix offset the post-tax hike drop in domestic demand. Homebuilder Sekisui House’s results met forecasts, thanks to its order backlog, though new orders for custom-built detached houses were sluggish.
  • Industrial equipment manufacturer FCC downgraded its earnings outlook due to higher-thanexpected start-up costs at its U.S. plant.
  • On a positive note, Astellas Pharma’s prostate cancer drug Xtandi received U.S. regulatory approval which allows it to be used as a pre-chemotherapy treatment. In clinical trials, Xtandi significantly improved overall survival rates compared to competitors.
  • There were no major changes to the Fund in September.
  • *The “third arrow” is a part of Japanese Prime Minister Shinzo Abe’s fiscal stimulus and monetary easing program.

Download Monthly Commentary
Download Monthly Factsheet
Sign Up

To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.

****** As of 05/01/2014, Fund name changed from The Japan Equity Fund, Inc.


Pursuant to valuation policies adopted by the Board of Directors of the Fund, the Fund values foreign equity securities that primarily trade in certain markets that close ahead of the Fund’s daily 4:00 pm Eastern net asset value (“NAV”) calculation time at their fair values using prices provided by third-party independent pricing services. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security, or, if, the pricing service is unable to provide a fair value for a security, at the price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. These daily fair valuations seek to reflect information available after the local market close that may affect the value of the foreign equity securities held by the Fund. As a result, this official NAV calculation reflects adjustments that may cause it to vary from a calculation based solely on closing prices. In contrast, the “Unadjusted NAV” of the Fund (shown above) is for informational purposes only and is computed using the closing prices on the relevant exchange. It does not reflect any daily fair valuation adjustments of the Fund’s foreign securities. The Unadjusted NAV does not represent the official NAV of the Fund, nor is the Unadjusted NAV used for Fund accounting or performance purposes. Investors should not rely upon the Unadjusted NAV when making their investment decisions.

Useful Links