PAGE  1
000 A000000 04/30/2009
000 C000000 0000866095
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE JAPAN EQUITY FUND
001 B000000 811-06142
001 C000000 2019153054
002 A000000 ONE EVERTRUST PLAZA-9TH FLOOR
002 B000000 JERSEY CITY
002 C000000 NJ
002 D010000 07302
002 D020000 3051
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 DAIWA SB INVESTMENTS LTD.
008 B000001 A
008 C000001 801-14682
008 D010001 TOKYO
008 D050001 JAPAN
008 D060001 100-0013
008 A000002 DAIWA SB INVESTMENTS (USA) LTD.
008 B000002 S
008 C000002 801-15948
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10005
008 D040002 3538
010 A000001 DAIWA SECURITIES TRUST COMPANY
010 C010001 JERSEY CITY
010 C020001 NJ
010 C030001 07302
010 C040001 3051
      PAGE  2
011 A000001 DAIWA SECURITIES AMERICA, INC.
011 B000001 8-37095
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10005
011 C040001 3538
012 A000001 AMERICAN STOCK TRANSFER & TRUST COMPANY
012 B000001 84-416
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10038
013 A000001 PRICEWATERHOUSECOOPERS US LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
014 A000001 DAIWA SECURITIES AMERICA, INC.
014 B000001 8-37095
015 A000001 DAIWA SECURITIES TRUST COMPANY
015 B000001 C
015 C010001 JERSEY CITY
015 C020001 NJ
015 C030001 07302
015 C040001 3051
015 E010001 X
015 A000002 SUMITOMO MITSUI BANKING CORPORATION
015 B000002 S
015 C010002 TOKYO
015 D010002 JAPAN
015 D020002 100-0005
015 E040002 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 MIZUHO SECUTITIES ASIA LTD.
020 C000001      9
020 A000002 NOMURA SECURITIES CO LTD.
020 C000002      7
020 A000003 UBS SECURITIES ASIA LIMITED
020 C000003      7
020 A000004 MITSUBISHI UFJ SECURITIES
020 C000004      5
020 A000005 DEUTSCHE SECURITIES LTD, TOKYO
020 C000005      4
020 A000006 J.P. MORGAN SECURITIES LTD.
020 C000006      3
020 A000007 MERRILL LYNCH JAPAN SECURITIES CO., LTD.
020 C000007      3
020 A000008 CREDIT SUISSE (HK) LIMITED
020 C000008      2
020 A000009 NIKKO CITIGROUP LTD.
020 C000009      2
      PAGE  3
020 A000010 GOLDMAN SACHS JAPAN LTD, TOKYO
020 C000010      2
021  000000       44
022 C000001         0
022 D000001         0
022 C000002         0
022 D000002         0
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000          0
023 D000000          0
024  000000 Y
025 A000001 MIZUHO FIANCIAL GROUP, INC.
025 C000001 E
025 D000001     798
025 A000002 MITSUBISHI UFJ FINANCIAL GROUP, INC.
025 C000002 E
025 D000002    3489
025 A000003 NOMURA HOLDINGS INC.
025 C000003 E
025 D000003     540
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
      PAGE  4
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 Y
047  000000 Y
      PAGE  5
048  000000  0.000
048 A010000    20000
048 A020000 0.600
048 B010000    30000
048 B020000 0.400
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000    50000
048 K020000 0.200
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
      PAGE  6
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
      PAGE  7
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     21863
071 B000000     21769
071 C000000     73789
071 D000000   30
072 A000000  6
072 B000000        0
072 C000000      855
072 D000000        0
072 E000000        0
072 F000000      144
072 G000000      108
072 H000000        0
072 I000000        7
072 J000000       96
072 K000000        0
072 L000000       50
072 M000000       28
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       45
072 S000000       30
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       49
072 X000000      557
072 Y000000        0
072 Z000000      298
072AA000000     1520
072BB000000    10479
072CC010000     5476
072CC020000        0
      PAGE  8
072DD010000      606
072DD020000        0
072EE000000        0
073 A010000   0.0420
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000      981
074 B000000        0
074 C000000        5
074 D000000        0
074 E000000        0
074 F000000    72619
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000      839
074 K000000        0
074 L000000      716
074 M000000       21
074 N000000    75181
074 O000000      697
074 P000000       45
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      120
074 S000000        0
074 T000000    74319
074 U010000    14441
074 U020000        0
074 V010000     5.15
074 V020000     0.00
074 W000000   0.0000
074 X000000      188
074 Y000000        0
075 A000000        0
075 B000000    75169
076  000000     4.38
077 A000000 N
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000     10
086 A020000     47
086 B010000      0
086 B020000      0
      PAGE  9
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 471057109
087 A030000 JEQ
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   JOHN O'KEEFE
TITLE       TREASURER