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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 WOok0AJiXDexzP/5+cVWGg==

<SEC-DOCUMENT>0000905148-07-006358.txt : 20071001
<SEC-HEADER>0000905148-07-006358.hdr.sgml : 20071001
<ACCEPTANCE-DATETIME>20071001171049
ACCESSION NUMBER:		0000905148-07-006358
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061108
FILED AS OF DATE:		20071001
DATE AS OF CHANGE:		20071001

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Chemidlin David B
		CENTRAL INDEX KEY:			0001377860

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05992
		FILM NUMBER:		071146693

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2126671858

	MAIL ADDRESS:	
		STREET 1:		TWO WORLD FIANCIAL CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>efc7-2388_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-11-08</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001377860</rptOwnerCik>
            <rptOwnerName>Chemidlin David B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>67 GLEN EAGLE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WATCHONG</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07060</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">As of the filing date of this Form 3, David  B. Chemidlin does not beneficially own any shares of the Fund.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Neil A. Daniele</signatureName>
        <signatureDate>2007-10-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>efc7-2388_ex24.txt
<TEXT>
                                                                      Exhibit 24



                                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, 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, 2008 unless otherwise terminated.

 Dated: February 1, 2007





    /s/ David B. Chemidlin
- -------------------------------------------
         Director/Officer Signature





___David B. Chemidlin___

       Print Name



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



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



/s/ Rita Chopra-Brathwaite
- --------------------------
    Rita Chopra-Brathwaite

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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