Exhibit 24



                              POWER OF ATTORNEY



      The undersigned, as a Director and/or officer of each of the registered
investment companies listed below, hereby authorizes Kenneth L. Munt, Keiko
Tani, 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 effect through January 31,
2007, unless otherwise terminated.

Dated: August 24, 2006



/s/ Rodney A. Buck
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  Director/Officer Signature



        Rodney A. Buck
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          Print Name



/s/ Kenneth L. Munt
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Kenneth L. Munt



/s/ Keiko Tani
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Keiko Tani



/s/ Neil A. Daniele
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Neil A. Daniele



/s/ Rita Chopra-Brathwaite
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Rita Chopra-Brathwaite