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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GQ4tqbuBfhhKjdZMrGrfFwGn3nbBzKul8xkpbzmwd2xyMjoKNFwkYoRpYRkDRzjV
 P1IkFLUGAfZ8ej3p7azUkw==

<SEC-DOCUMENT>0000905148-08-003667.txt : 20080905
<SEC-HEADER>0000905148-08-003667.hdr.sgml : 20080905
<ACCEPTANCE-DATETIME>20080905174425
ACCESSION NUMBER:		0000905148-08-003667
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:			Takahashi Eiji
		CENTRAL INDEX KEY:			0001444360

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05992
		FILM NUMBER:		081059506

	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>efc8-1216_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>0001444360</rptOwnerCik>
            <rptOwnerName>Takahashi Eiji</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>efc8-1216_6731389ex24.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 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/ Eiji Takahashi
- ---------------------------------------------
          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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