(Reuters) -Japanese chipmaker Renesas Electronics will cut less than 5% of its global workforce, amounting to fewer than 1,000 positions, as it grapples with sluggish demand for its chips. Renesas, whose customers include automakers Toyota and Nissan,

A look at the day ahead in Asian markets. Investors go into Wednesday's market trading in Asia with their appetite for risk smothered by the rise in global bond yields. As ever, U.S. Treasury yields are front and center for markets that are more exposed than most to dollar-denominated debt and U.

Ambassador Suzuki, who was previously Japanese ambassador to India and Bhutan, became the new UK ambassador late last year. In a separate video posted on X, he said he was looking forward to travelling around the UK, including "enjoying many different fish and chips at many different pubs throughout the country".

Large Japanese firms are likely to increase wages by about 5% on average in 2025, the same as last year, the chair of a major business lobby said on Tuesday while pledging efforts to spread the wage growth momentum to smaller firms.

Japan’s military chiefs are warning that the country faces its most severe and complex security environment since World War II, attributing the outlook to China, Russia, North Korea and instability in the Middle East.

Japan’s biggest automakers pledged cooperation in tech-focused areas to survive in the rapidly evolving global industry, just as two of its largest car brands begin negotiating a deal that would effectively split the country’s industry in two.

Japan’s SBI Holdings Inc. agreed to take a stake of more than 70% in Solaris SE as part of a new fundraising round for the German fintech that will slash the struggling company’s valuation, according to a person familiar with the matter.

Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt.

Born in 1908, she raised four children, ran a family textile factory during World War II, and remained an avid hiker into her 80s.

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.