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

Daily Data

At close Sep 17, 2014

Market Price$7.10
Unadjusted NAV**$7.86

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

Can Japan weather the sales tax hike?

In the middle of Prime Minister Shinzo Abe’s massive stimulus plan, Japanese growth has slowed and the nationwide consumption tax has increased from 3% to 8%. Read Aberdeen’s commentary to discover the implications of this policy change on the outlook for Japan and how Aberdeen’s fund managers navigate these uncertain waters.

Download now


Manager's Monthly Report

July 2014

  • Japanese equities rose in July on the back of solid first-quarter earnings as well as the weaker yen against the U.S. dollar.
  • Economic data were largely disappointing. Exports fell in June, widening the trade deficit. May machinery orders saw their largest monthly decline since 2005. Additionally, the Bank of Japan pared its growth outlook after household spending took a bigger-than-expected dip following the April consumption tax hike.
  • The Fund’s holdings reported earnings that either met or exceeded our expectations. Notably, Shin-Etsu Chemical’s silicones, silicon wafer and electronic & functional materials segments saw healthy sales and profit growth helped by solid demand and pricing conditions. This offset weakness in the polyvinyl chloride (PVC) segment, where profits were hurt by higher raw materials costs. Electronics maker Canon benefited from product mix improvements and cost cuts. Robotics manufacturer Fanuc was helped by good results and a rising order book, driven by a surge in smartphone-related capital expenditures. Industrial machinery manufacturer Nabtesco benefited from robust demand in the automation and railway businesses, particularly in China. Similarly, conglomerate Keyence continued to achieve successful business expansion overseas. Seven & I’s earnings were lifted by its higher-margin private brand products.
  • In other corporate news, we are upbeat about telecom KDDI’s joint venture with Sumitomo Corp. to operate a mobile network in Myanmar, where mobile penetration is low. KDDI will take a 50.1% stake in the venture.
  • There were no major changes to the Fund in July.
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