0001752724-25-001680.txt : 20250113 0001752724-25-001680.hdr.sgml : 20250113 20250113144536 ACCESSION NUMBER: 0001752724-25-001680 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20241031 FILED AS OF DATE: 20250113 DATE AS OF CHANGE: 20250113 EFFECTIVENESS DATE: 20250113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABRDN JAPAN EQUITY FUND, INC. CENTRAL INDEX KEY: 0000866095 ORGANIZATION NAME: IRS NUMBER: 223060893 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06142 FILM NUMBER: 25526002 BUSINESS ADDRESS: STREET 1: 1900 MARKET STREET STREET 2: SUITE 200 CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-405-5700 MAIL ADDRESS: STREET 1: 1900 MARKET STREET STREET 2: SUITE 200 CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: ABERDEEN JAPAN EQUITY FUND, INC. DATE OF NAME CHANGE: 20140428 FORMER COMPANY: FORMER CONFORMED NAME: JAPAN EQUITY FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: JAPAN EMERGING EQUITY FUND INC DATE OF NAME CHANGE: 19920407 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000866095 XXXXXXXX 811-06142 false false false N-2 ABRDN JAPAN EQUITY FUND, INC. 811-06142 0000866095 549300TENE1BGI09O157 1900 Market Street Suite 200 PHILADELPHIA 19103 US-PA US 215-405-5700 State Street Bank and Trust Company 1 Congress Street Suite 1 Boston 02114 617-786-3000 Custody and Accounting Records. N N N-2 Y Radhika Ajmera N/A N C. William Maher N/A N Rose DiMartino N/A N Anthony S. Clark N/A N Alan Goodson N/A Y Joseph Andolina 006931174 1900 Market Street, Suite 200 Philadelphia 19103 XXXXXX N N N N N N KPMG LLP 185 5493003PVCIGA21K0K42 N N N N N ABRDN JAPAN EQUITY FUND, INC. 549300TENE1BGI09O157 N 0 0 0 Inverse of a benchmark N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N ABRDN Asia Limited 801-62020 000124509 549300FVV8VHKPMMRT38 SG N Computershare Trust Company, National Association 85-11340 2549001YYB62BVMSAO13 N N N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 N London Stock Exchange Group PLC 213800QAUUUP6I445N30 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 13-3668779 Tax ID N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch) RB0PEZSDGCO3JS6CEU02 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y Computershare Trust Company, National Association 2549001YYB62BVMSAO13 N N N abrdn Inc. 549300RU316J568TLL50 Y N N Aberdeen Fund Distributors, LLC 8-67799 000146230 2138007O8Z7FY13LG555 0.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 250.58000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 4426.66000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 1488.22000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 3823.96000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 104.89000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 2555.20000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 1409.68000000 Daiwa Capital Markets America Inc. 8-12242 000001576 M67H5PRC0NQKM73ZAS82 2957.48000000 CLSA Americas, LLC 8-69166 000165533 213800M2DXATWY7JMS07 2959.37000000 Mizuho Securities USA LLC 8-37710 000019647 7TK5RJIZDFROZCA6XF66 360.83000000 20429.37000000 State Street Bank and Trust Company N/A N/A 571474TGEMMWANRLN572 11196330.26000000 Daiwa Capital Markets America Inc. 8-12242 000001576 M67H5PRC0NQKM73ZAS82 246933.98000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 357800.93000000 11801065.17000000 N 97622908.67692307 Common stock ABRDN JAPAN EQUITY FUND, INC. N N N N N N 0.36000000 1.10000000 5.81000000 6.96000000 true INTERNAL CONTROL RPT 2 NCEN_811-06142_77463825_1024.htm jeqncen.htm - Generated by SEC Publisher for SEC Filing

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors
abrdn Japan Equity Fund, Inc.:

In planning and performing our audit of the financial statements of abrdn Japan Equity Fund, Inc. (the Fund) as of and for the year ended October 31, 2024, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2024.

This report is intended solely for the information and use of the management and the Board of Directors of abrdn 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.

 

/s/ KPMG LLP

 

Columbus, Ohio


December 27, 2024