Java runtime version is 1.3 or later is installed correctly

Error is shown as below:
Error No: 53
Desc: File not found
Please confirm that
1) Java runtime version is 1.3 or later is installed correctly
2) The Java executable is accessible through the Windows Path or the Java Home directory is entered in the Preview tab of the options dialog

Go to BI Publisher menu in Word.
Tools - > options -> preview tab.
Java home should be selected there, if not select it.