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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VNypePwzE6VcmJY+N72uhHTpFvKR1eE2l8fEL/AutkjMbcPJTg/UYUb+qQVU+52r
 YJisY3EkjOovmr6Hj6qe6A==

<SEC-DOCUMENT>0001142062-05-000025.txt : 20051104
<SEC-HEADER>0001142062-05-000025.hdr.sgml : 20051104
<ACCEPTANCE-DATETIME>20051104082734
ACCESSION NUMBER:		0001142062-05-000025
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20051104
DATE AS OF CHANGE:		20051104

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAPAN SMALLER CAPITALIZATION FUND INC
		CENTRAL INDEX KEY:			0000859796
		IRS NUMBER:				133553469
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59337
		FILM NUMBER:		051178600

	BUSINESS ADDRESS:	
		STREET 1:		2 WORLD FINANCIAL CENTER
		STREET 2:		BUILDING B, 22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1712
		BUSINESS PHONE:		8008330018

	MAIL ADDRESS:	
		STREET 1:		2 WORLD FINANCIAL CENTER
		STREET 2:		BUILDING B, 22ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAPAN OTC EQUITY FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAN DEN BERG MANAGEMENT INC/TX
		CENTRAL INDEX KEY:			0001142062
		IRS NUMBER:				953017097
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		805 LAS CIMAS PARKWAY
		STREET 2:		SUITE 430
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746
		BUSINESS PHONE:		512-329-0050

	MAIL ADDRESS:	
		STREET 1:		805 LAS CIMAS PARKWAY
		STREET 2:		SUITE 430
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN DEN BERG MANAGEMENT INC/CA
		DATE OF NAME CHANGE:	20010606
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>jof1105.txt
<TEXT>
SCHEDULE 13G

                        Under the Securities and Exchange Act of 1934

                                             5
                                       (Amendment No.)

                                  Japan Smaller Capitalization
                                       (Name of Issuer)

                            Common Stock, Par Value $0.00 per share
                                (Title of Class of Securities)

                                          47109U104
                                        (CUSIP Number)


1.  NAME OF REPORTING PERSON
     S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Van Den Berg Management     TAX # 953017097

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                               A
                               B x

3 SEC USE ONLY4 CITIZENSHIP OR PLACE OF ORGANIZATION

                USA

5   SOLE VOTING POWER

                0

6   SHARED VOTING POWER

                758,566

7   SOLE DISPOSITIVE POWER

                0

8   SHARED DISPOSITIVE POWER

                758,566

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                758,566


10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                N/A

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


                4.79%

12 TYPE OF REPORTING PERSON*


                IA


Item 1.

(a) Name of Issuer

                Japan Smaller Capitalization

(b) Address of Issuer's Principal Executive Offices

                180 Maiden Lane
                New York, New York  10038-4936

Item 2.

(a) Name of Person Filing

                VAN DEN BERG MANAGEMENT      IRS# 953017097

(b) Address of Principal Business Office or, if none, Residence

                805 Las Cimas Parkway
                Suite 430
                Austin, Texas   78746

(c) Citizenship

                USA

(d) Title of Class of Securities

                Common Stock, Par Value $.01 per share

(e) CUSIP Number

                47109U104

Item 3. If this statement is filed pursuant to Rule 13d-l(b), or 13d-2(b),
check whether the person filing is a:

(a)  Broker or Dealer registered under Section 15 of the Act

(b)  Bank as defined in section 3(a)(6) of the Act

(c)  Insurance Company as defined in section 3(a)(19) of the act

(d)  Investment Company registered under section 8 of the Investment Company
Act

(e)  Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940

(f)  Employee Benefit Plan, Pension Fund which is subject to the provisions of
the Employee Retirement Income Security Act of 1974 or Endowment Fund; see
240.13d-l(b)(l)(ii)(F)

(g)  Parent Holding Company, in accordance with 240.13d-l(b)(ii)(G)
(Note: See Item 7)

(h) Group, in accordance with 240.13d-l(b)(l)(ii)(H)

Item 4. Ownership

(a) Amount Beneficially Owned

                758,566

(b) Percent of Class

                4.79%

(c) Number of shares as to which such person has:

(i) sole power to vote or to direct the vote                   	0
(ii) shared power to vote or to direct the vote                	758,566
(iii) sole power to dispose or to direct the disposition of     0
(iv) shared power to dispose or to direct the disposition of    758,566

Item 5. Ownership of Five Percent or Less of a Class.
        X
Item 6. Ownership of More than Five Percent on Behalf of Another Person

Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company

Item 8. Identification and Classification of Members of the Group

Item 9. Notice of Dissolution of Group

Item 10. Certification


After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.

                                        Date
                                        11/01/05
                                        Signature
                                        Jim Brilliant / Vice President
                                        Name/Title
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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