Item 8.01 Other Events.

Report of Special Committee of Independent Directors

The Report of Special Committee of Independent Directors (the "Special Committee") of Japan Smaller Capitalization Fund, Inc. (the "Fund"), performed in accordance with the Charter of the Special Committee adopted on September 9, 2022, was provided to the Board of Directors of the Fund on February 28, 2023.

A copy of the full Report of Special Committee of Independent Directors is filed as Exhibit 99(i) to this Form 8-K.

Item 9.01 Financial Statements and Exhibits





(d) Exhibits

Exhibit No. Description


  99(i)     Report of Special Committee of Independent Directors, dated February
            28, 2023

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