<SEC-DOCUMENT>0001140361-11-039979.txt : 20110805
<SEC-HEADER>0001140361-11-039979.hdr.sgml : 20110805
<ACCEPTANCE-DATETIME>20110805165749
ACCESSION NUMBER:		0001140361-11-039979
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110804
FILED AS OF DATE:		20110805
DATE AS OF CHANGE:		20110805

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:		111014844

	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:			0228

	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>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0304</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-08-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001322945</rptOwnerCik>
            <rptOwnerName>Tan Chor Weng</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NOMURA ASSET MANAGEMENT USA INC.</rptOwnerStreet1>
            <rptOwnerStreet2>2 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>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-08-04</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1105</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.60</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3105</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Subscription rights (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2011-08-04</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>368</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2011-06-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-07-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1105</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares were purchased as a part of the Fund's subscription rights offering.</footnote>
        <footnote id="F2">Not applicable.
Power of attorney attached.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Rita Chopra-Brathwaithe, as attorney-in-fact for Chor Weng Tan</signatureName>
        <signatureDate>2011-08-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>poa1.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
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<head>
    <title>Unassociated Document</title>
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<div>&#160;</div>

<div style="TEXT-ALIGN: center">POWER OF ATTORNEY </div>

<div>&#160;</div>

<div>&#160;</div>

<div style="TEXT-INDENT: 63pt">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 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. </div>

<div>&#160;</div>

<div>&#160;</div>

<div>Dated: October 8, 2008 </div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>/s/ Chor Weng Tan </div>

<div>----------------------------------- </div>

<div>Director/Officer&#160;Signature </div>

<div>&#160;</div>

<div>&#160;</div>

<div>Chor Weng Tan </div>

<div>----------------------------------</div>

<div>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;Print Name </div>

<div>&#160;</div>

<div>&#160;</div>

<div>/s/ Kenneth L. Munt</div>

<div>--------------------------------- </div>

<div>Kennet L. Munt </div>

<div>&#160;</div>

<div>&#160;</div>

<div>/s/ Neil A. Daniele</div>

<div>-------------------------------</div>

<div>Neil A. Daniele </div>

<div>&#160;</div>

<div>&#160;</div>

<div>/s/ Rita Chopra-Brathwaite</div>

<div>----------------------------------- </div>

<div>Rita Chopra-Brathwaite </div>
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