-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000905148-06-001432.txt : 20060223
<SEC-HEADER>0000905148-06-001432.hdr.sgml : 20060223
<ACCEPTANCE-DATETIME>20060223124651
ACCESSION NUMBER:		0000905148-06-001432
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060221
FILED AS OF DATE:		20060223
DATE AS OF CHANGE:		20060223

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Tan Chor Weng
		CENTRAL INDEX KEY:			0001322945

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05992
		FILM NUMBER:		06638606

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212 667 9300

	MAIL ADDRESS:	
		STREET 1:		NOMURA ASSET MANAGEMENT USA INC., TWO
		STREET 2:		WORLD FINANCIAL CENTER, BUILDING B
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAPAN SMALLER CAPITALIZATION FUND INC
		CENTRAL INDEX KEY:			0000859796
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133553469
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>efc6-0604_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-02-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000859796</issuerCik>
        <issuerName>JAPAN SMALLER CAPITALIZATION FUND INC</issuerName>
        <issuerTradingSymbol>JOF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001322945</rptOwnerCik>
            <rptOwnerName>Tan Chor Weng</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NOMURA ASSET MANAGEMENT USA INC., TWO</rptOwnerStreet1>
            <rptOwnerStreet2>WORLD FINANCIAL CENTER, BUILDING B</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10281</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-02-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15.55</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1340</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Neil Daniele, as attorney-in-fact for Chor Weng Tan</signatureName>
        <signatureDate>2006-02-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>efc6-0604_ex991.txt
<TEXT>
                                                                  Exhibit 99.1



                               POWER OF ATTORNEY



         The undersigned, as a Director and/or officer of each of the
registered investment companies listed below, hereby authorizes Kenneth L.
Munt, Keiko Tani, Neil A. Daniele, and Rita Chopra-Brathwaite or any of them,
as attorney-in-fact, to sign on his behalf on any form, or any amendment to
such form, required to be filed by the undersigned pursuant to the reporting
requirements of Section 16(a) of the Securities Exchange Act of 1934 due to
their capacity as a Director and/or officer for each of the following
registered investment companies and to file, at the request of the
undersigned, the same, with all exhibits thereto, with the Securities and
Exchange Commission: Korea Equity Fund, Inc. and Japan Smaller Capitalization
Fund, Inc. This Power of Attorney shall remain in effect through January 31,
2007, unless otherwise terminated.

Dated:  January 31, 2006





/s/ Chor Weng Tan
- ------------------------------------
     Director/Officer Signature




Chor Weng Tan
- ------------------------------------
         Print Name



/s/ Kenneth L. Munt
- ------------------------------------
Kenneth L. Munt


/s/ Keiko Tani
- ------------------------------------
Keiko Tani


/s/ Neil A. Daniele
- ------------------------------------
Neil A. Daniele


/s/ Rita Chopra-Brathwaite
- ------------------------------------
Rita Chopra-Brathwaite
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
