SOURCE: Japan Equity Fund

December 12, 2008 16:08 ET

Japan Equity Fund Announces Annual Distribution for 2008

JERSEY CITY, NJ--(Marketwire - December 12, 2008) - The Japan Equity Fund, Inc. (NYSE: JEQ), a closed-end management investment company, today announced a dividend to the Fund's shareholders of U.S. $0.042 per share. This dividend will be paid in cash from ordinary income.

Shareholders who participate in the Fund's Dividend Reinvestment and Cash Purchase Plan will receive an equivalent dividend amount in shares of the Fund.

The dividend will be payable on December 30, 2008 to the shareholders of record at the close of business on December 22, 2008. The ex-dividend date will be December 18, 2008.

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