Business conditions in Japan declined in the second quarter, the latest business survey index from the Ministry of Finance revealed on Wednesday.
The BSI for all industries was down 14.6 percent on quarter among large corporations after rising 12.7 percent in the first quarter.
Sentiment for large manufacturers was down 13.9 percent after adding 12.5 percent in the previous three months.
Non-manufacturers tumbled 15.0 percent after gaining 12.8 percent in Q1.
The outlook for Q3 showed an increase of 13.4 percent for all industries, 16.0 percent for manufacturers and 12.1 percent for non-manufacturers.
The outlook for Q4 reflected an increase of 10.3 percent for all industries, 13.9 percent for manufacturers and 8.3 percent for non-manufacturers.
Among medium-sized corporations, the BSI for all industries was down 19.5 percent with an outlook of 9.2 percent in Q3 and 12.2 percent in Q4.
Among small-sized corporations, the BSI for all industries tumbled 21.5 percent with an outlook of -3.7 percent in Q3 and 1.6 percent in Q4.
All industry sales are expected to gain 1.0 percent on year in Fiscal Year 2014, while ordinary profits are tipped to fall 2.3 percent. Software and investment is called higher by 4.5 percent.
Also on Wednesday, the Bank of Japan's index measuring prices for domestic corporate goods was up 0.3 percent on month in May, coming in at 106.1.
The headline figure beat forecasts for an increase of 0.1 percent following the 2.8 percent gain in April.
On a yearly basis, prices climbed 4.4 percent - also beating expectations for 4.1 percent, which would have been unchanged.
Export prices fell 0.3 percent on month and 1.5 percent on year, the data showed, while import prices eased 0.1 percent on month and gained 0.1 percent on year.
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