The study selects 15 Japan Large-Cap Equity Funds within 2009-2015, using methods such as Rate of Return, Standard Deviation, Beta Coefficient, Sharpe Ratio and Risk-Adjusted Return on Capital (RAROC) to evaluate fund performances, then using Variance-Covariance Approach, Historical Simulation Method, Monte Carlo Simulation and Bootstrap to evaluate fund risks and analyze Japanese economic change. It divides 2012/12/31 into two stages, and studying the differences of fund performances and VaR through T-test to analyze the economic effect before/after Abe was appointed as Japanese prime minister, providing an important reference to fund investors. The empirical results show that J.P. Morgan fund's Average Return is the best, though Standard Deviation and Beta Coefficient are the worst. Aberdeen Global-Japanese Equity Fund A2 Sharpe Ratio and RAROC are the best. LionGlobal Japan Growth Fund Beta Coefficient is the best. Manulife GF Japanese Growth A Average Remuneration, Sharpe Ratio and RAROC are the worst. Thus, aspect of VaR, Henderson Horizon Japan Opps A2 USD performance is the best, J.P. Morgan fund is the worst. Therefore, the performance and VaR show a significant difference before/after Abe's appointment of Prime Minister. It showed that Abe's economic policy is successful and is expected to bring economic recovery in Japan.