Japan's Ministry of Economy, Trade and Industry released its tertiary industry activity index on Friday. The index decreased 0.7% in March, missing expectations for a 0.2% decline, after a 0.1% fall in February.

The fall was driven by declines in finance and Insurance, wholesale trade, information and communications, real estate, living and amusement-related services.

On a yearly basis, the tertiary industry activity index fell 0.1% in March, after a 2.5% rise in February.