If you are talking about the lights in the lower front corner of the fairing. The answer is not really. You have to remove the following.'
The lower front cowling.
The panel above lower front cowling
the fairing edge trim that covers the edge of the side fairings and the panels for the CB on the left and the Air control panel on the right.
The the side fairing marker lights/reflectors
The the front side fairing panel will come off and you can get at the bulbs.
Not real hard just a lot of stuff to take off to replace a bulb. While your at it might just as well replace the bulbs in both lights.
They are cornering lights, that when a modification is made, will stay on all the time. The O.P. states, "the lower left fog light is burned out". Just a little confusing when I'm hot and tired, I guess.
up to 97 they were turning lights, they came on when you activated your turn signals. In 98 Honda made them running lights, not fog lights, just running lights. some have rewired the earlier ones to be running lights. To answer the original question, the side fairing does have to come off but it's a big deal to take it off.