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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,
 PwcG6SIafAR59LtazrkreoQVJ+oVPlybveV/BCTrm+LK9X1yaMljZSi8G8PSoFOJ
 0LLElhFHxq0TJJqkqLL+gQ==

<SEC-DOCUMENT>0000905148-08-003668.txt : 20080905
<SEC-HEADER>0000905148-08-003668.hdr.sgml : 20080905
<ACCEPTANCE-DATETIME>20080905174520
ACCESSION NUMBER:		0000905148-08-003668
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080901
FILED AS OF DATE:		20080905
DATE AS OF CHANGE:		20080905

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:			Tanaka Shinichi
		CENTRAL INDEX KEY:			0001444361

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05992
		FILM NUMBER:		081059507

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		2126671858

	MAIL ADDRESS:	
		STREET 1:		TWO WORLD FINANCIAL CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>efc8-1215_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-09-01</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001444361</rptOwnerCik>
            <rptOwnerName>Tanaka Shinichi</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>TWO WORLD FINANCIAL CENTER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10281</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Assistant Portfolio Manager</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>/s/ Neil A. Daniele</signatureName>
        <signatureDate>2008-09-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>efc8-1215_6731393ex24.txt
<TEXT>
                                POWER OF ATTORNEY


         The undersigned, as a Director and/or officer of each of the registered
investment companies listed below, hereby authorizes Hiroyuki Nakano, Neil A.
Daniele and Rita Chopra-Brathwaite, or any of them, 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 full force and effect until
the undersigned is no longer required to file Forms 3, 4, and 5 with respect to
the undersigned's holdings of and transactions in securities issued by Korea
Equity Fund, Inc. or Japan Smaller Capitalization Fund, Inc., unless earlier
revoked by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

Dated:  September 3, 2008


/s/ Shinichi Tanaka
- ------------------------------------------------------------
                Director/Officer Signature



/s/ Hiroyuki Nakano
- ------------------------------------------------------------
                      Hiroyuki Nakano



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



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


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