Japan's revised first quarter GDP data will be among the key trading cues for Tokyo investors next week, after the market ended in negative territory on Friday. Fresh growth figures for January-March are due Monday with initial estimates showing the world's third-largest economy expanded by 0.6 percent in the first three months of the year, crawling back from a brief recession.
A survey of economists by the leading Nikkei business daily predicted growth would be revised upward to 0.7 percent, while April current account figures and a government economic sentiment report are also out next week.
After the Nikkei's 12-day rally - its longest since 1988 - came to an end earlier this week, the Japanese market struggled to recover as concerns about the US economy and cash-strapped Greece hit sentiment.
On Friday, the benchmark Nikkei 225 index at the Tokyo Stock Exchange dipped 27.29 points to close at 20,460.90. Over the week it lost 0.50 percent.
The Topix index of all first-section shares fell 0.41 percent, or 6.83 points, to 1,667.06. It shed 0.39 percent over the week.
"Players appeared to have gotten exhausted from buying after the Nikkei marked its 12th consecutive rise," said Toshikazu Horiuchi, a broker at IwaiCosmo securities.
"But buying sentiment is not that weak since the decline was still limited despite sizable profit-taking," he added.
Tokyo followed Wall Street lower after the International Monetary Fund slashed its forecasts for US growth this year, citing a ports strike, bad winter weather, a strong dollar and the oil downturn.
Fund head Christine Lagarde also called on the Federal Reserve to refrain from hiking interest rates until 2016, saying conditions were not supportive of a move this year.
Her comments came as markets await the release Friday of US jobs growth for May, which is used by the Fed to guide rate policy.
Investors were also jittery after Greece pushed back the deadline for an agreement on its debt repayments by agreeing with the IMF to bundle four looming loan payments into one totalling 1.6 billion euros ($1.8 billion).
The move gives Athens until the end of the month to hammer out a deal with its creditors, but a Greek government source said there were key differences between the two sides, describing the creditors' position as "extreme" and "unacceptable".
"An all-out default is quite possible, although the European Union and European Central Bank will probably do their best to avoid the worst-case scenario," Daiwa SB Investments strategist Soichiro Monji told Bloomberg News.