<SEC-DOCUMENT>0001207017-25-000075.txt : 20251203
<SEC-HEADER>0001207017-25-000075.hdr.sgml : 20251203
<ACCEPTANCE-DATETIME>20251203153002
ACCESSION NUMBER:		0001207017-25-000075
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251203
DATE AS OF CHANGE:		20251203

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAPAN SMALLER CAPITALIZATION FUND INC
		CENTRAL INDEX KEY:			0000859796
		ORGANIZATION NAME:           	
		EIN:				133553469
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59337
		FILM NUMBER:		251546273

	BUSINESS ADDRESS:	
		STREET 1:		WORLDWIDE PLAZA
		STREET 2:		309 WEST 49TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		8008330018

	MAIL ADDRESS:	
		STREET 1:		WORLDWIDE PLAZA
		STREET 2:		309 WEST 49TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JAPAN OTC EQUITY FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAZARD ASSET MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001207017
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLZ
		STREET 2:		56TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
		BUSINESS PHONE:		2126321890

	MAIL ADDRESS:	
		STREET 1:		30 ROCKEFELLER PLZ
		STREET 2:		56TH FL.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10112
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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<submissionType>SCHEDULE 13G</submissionType> 	<previousAccessionNumber>0001207017-25-000032</previousAccessionNumber>     <filerInfo>
<filer>
<filerCredentials>
<cik>0001207017</cik>           <ccc>XXXXXXXX</ccc>
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</filer>       <liveTestFlag>LIVE</liveTestFlag>              </filerInfo>
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<coverPageHeader>
<securitiesClassTitle>Equity</securitiesClassTitle>       <eventDateRequiresFilingThisStatement>11/28/2025</eventDateRequiresFilingThisStatement>       <issuerInfo>
<issuerCik>0000859796</issuerCik>         <issuerName>Japan Smaller Capitalization Fund Inc</issuerName>         <issuerCusip>47109U104</issuerCusip>         <issuerPrincipalExecutiveOfficeAddress>
<com:street1>309 West 49th Street, Worldwide Plaza</com:street1>           <com:city>New York</com:city>           <com:stateOrCountry>NY</com:stateOrCountry>           <com:zipCode>10019</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>       <designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>   	<coverPageHeaderReportingPersonDetails> 	         <reportingPersonName>Lazard Asset Management LLC</reportingPersonName> 	         <citizenshipOrOrganization>NY</citizenshipOrOrganization>       <reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>3480024.00</soleVotingPower>         <sharedVotingPower>0.00</sharedVotingPower>         <soleDispositivePower>3480024.00</soleDispositivePower>         <sharedDispositivePower>0.00</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>       <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3480024.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>       <classPercent>12.3</classPercent>      	                              <typeOfReportingPerson>IA</typeOfReportingPerson>
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<issuerName>Japan Smaller Capitalization Fund Inc</issuerName>         <issuerPrincipalExecutiveOfficeAddress>309 West 49th Street, Worldwide Plaza, New York, US-NY, 10019, US</issuerPrincipalExecutiveOfficeAddress>
</item1>        <item2>
<filingPersonName>Lazard Asset Management LLC   </filingPersonName>         <principalBusinessOfficeOrResidenceAddress>30 Rockefeller Plaza, New York, 10112, NY, United States</principalBusinessOfficeOrResidenceAddress>         <citizenship>NEW YORK   </citizenship>
</item2>       <item3>
<notApplicableFlag>N</notApplicableFlag>          	                                                 <typeOfPersonFiling>IA</typeOfPersonFiling>
</item3>       <item4>
<amountBeneficiallyOwned>3,480,024   </amountBeneficiallyOwned>         <classPercent>12.3</classPercent>         <numberOfSharesPersonHas>
<solePowerOrDirectToVote>3,480,024   </solePowerOrDirectToVote>           <sharedPowerOrDirectToVote>0   </sharedPowerOrDirectToVote>           <solePowerOrDirectToDispose>3,480,024   </solePowerOrDirectToDispose>           <sharedPowerOrDirectToDispose>0   </sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>       <item5>
<notApplicableFlag>Y</notApplicableFlag>         <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
</item5>       <item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>       <item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>       <item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>       <item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>       <item10>
<notApplicableFlag>N</notApplicableFlag> 		<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. </certifications>
</item10>
</items> 	     <signatureInformation>
<reportingPersonName>Lazard Asset Management LLC</reportingPersonName>       <signatureDetails>
<signature>Mark Anderson</signature>         <title>Managing Director, General Counsel</title>         <date>12/03/2025</date>
</signatureDetails>
</signatureInformation>
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</SEC-DOCUMENT>
