EXHIBIT 99.CERT


                    Japan Smaller Capitalization Fund, Inc.

                   180 Maiden Lane New York, N.Y. 10038-4936

                                                                   Telephone
                                                                (800) 833-0018

                                CERTIFICATIONS
                                --------------

I, Rita Chopra-Brathwaite, certify that:

1.      I have reviewed this report on Form N-CSR of Japan Smaller
        Capitalization Fund, Inc.;

2.      Based on my knowledge, this report does not contain any untrue
        statement of a material fact or omit to state a material fact
        necessary to make the statements made, in light of the circumstances
        under which such statements were made, not misleading with respect to
        the period covered by this report;

3.      Based on my knowledge, the financial information included in this
        report, and the financial statements on which the financial
        information is based, fairly present in all material respects the
        financial condition, results of operations, changes in net assets, and
        cash flows (if the financial statements are required to include a
        statement of cash flows) of the registrant as of, and for, the periods
        presented in this report;

4.      The registrant's other certifying officers and I are responsible for
        establishing and maintaining disclosure controls and procedures (as
        defined in rule 30a-2(c) under the Investment Company Act of 1940) for
        the registrant and have:

        (a)     designed such disclosure controls and procedures or caused
                such disclosure controls and procedures to be designed under
                our supervision to ensure that material information relating
                to the registrant, including its consolidated subsidiaries, is
                made known to us by others within those entities, particularly
                during the period in which this report is being prepared;

        (b)     evaluated the effectiveness of the registrant's disclosure
                controls and procedures and presented in this report our
                conclusions about the effectiveness of the disclosure controls
                and procedures as of a date within 90 days prior to the filing
                date of this report; and

        (c)     disclosed in this report any change in the registrant's
                internal control over financial reporting that occurred during
                the registrant's most recent fiscal half-year that has
                materially affected, or is reasonably likely to materially
                affect, the registrant's internal control over financial
                reporting; and

5.      The registrant's other certifying officers and I have disclosed, based
        on our most recent evaluation of internal control over financial
        reporting, to the registrant's auditors and the audit committee of
        the registrant's board of directors (or persons performing the
        equivalent functions):

        (a)     all significant deficiencies and material weaknesses in the
                design or operation of internal control over financial
                reporting which are reasonably likely to adversely affect the
                registrant's ability to record, process, summarize, and report
                financial information; and

        (b)     any fraud, whether or not material, that involves management
                or other employees who have a significant role in the
                registrant's internal control over financial reporting.


         Date: October 30, 2003                /s/ Rita Chopra-Brathwaite
                                                   ----------------------
                                                   Rita Chopra-Brathwaite
                                                   Treasurer





                    Japan Smaller Capitalization Fund, Inc.

                   180 Maiden Lane New York, N.Y. 10038-4936

                                                                   Telephone
                                                                (800) 833-0018

                                CERTIFICATIONS

I, Yasushi Suzuki, certify that:

        1.      I have reviewed this report on Form N-CSR of Japan Smaller
                Capitalization Fund, Inc.;

        2.      Based on my knowledge, this report does not contain any untrue
                statement of a material fact or omit to state a material fact
                necessary to make the statements made, in light of the
                circumstances under which such statements were made, not
                misleading with respect to the period covered by this report;

        3.      Based on my knowledge, the financial information included in
                this report, and the financial statements on which the
                financial information is based, fairly present in all material
                respects the financial condition, results of operations,
                changes in net assets, and cash flows (if the financial
                statements are required to include a statement of cash flows)
                of the registrant as of, and for, the periods presented in
                this report;

        4.      The registrant's other certifying officers and I are
                responsible for establishing and maintaining disclosure
                controls and procedures (as defined in rule 30a-2(c) under the
                Investment Company Act of 1940) for the registrant and have:

                (a)     designed such disclosure controls and procedures or
                        caused such disclosure controls and procedures to be
                        designed under our supervision to ensure that material
                        information relating to the registrant, including its
                        consolidated subsidiaries, is made known to us by
                        others within those entities, particularly during the
                        period in which this report is being prepared;

                (b)     evaluated the effectiveness of the registrant's
                        disclosure controls and procedures and presented in
                        this report our conclusions about the effectiveness of
                        the disclosure controls and procedures as of a date
                        within 90 days prior to the filing date of this report;
                        and

                (c)     disclosed in this report any change in the
                        registrant's internal control over financial reporting
                        that occurred during the registrant's most recent
                        fiscal half-year that has materially affected, or is
                        reasonably likely to materially affect, the
                        registrant's internal control over financial
                        reporting; and

        5.      The registrant's other certifying officers and I have
                disclosed, based on our most recent evaluation of internal
                control over financial reporting, to the registrant's
                auditors and the audit committee of the registrant's board of
                directors (or persons performing the equivalent functions):

                (a)     all significant deficiencies and material weaknesses
                        in the design or operation of internal control over
                        financial reporting which are reasonably likely to
                        adversely affect the registrant's ability to record,
                        process, summarize, and report financial information;
                        and

                (b)     any fraud, whether or not material, that involves
                        management or other employees who have a significant
                        role in the registrant's internal control over
                        financial reporting.



     Date: October 30, 2003                             /s/ Yasushi Suzuki
                                                        ------------------
                                                            Yasushi Suzuki
                                                            President