New Delhi / Bloomberg India may spend as much as $16 billion — over $1 billion more than initially estimated — on the nation’s first bullet train to elevate the entire railroad, a person with direct knowledge of the matter said. Land acquisition hurdles, as well as people and animals potentially wandering in front of carriages speeding at 350 …

  Tokyo / AFP Japan’s industrial production edged up in April, data showed on Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu. Official figures also showed household spending remained tepid, as Prime Minister Shinzo Abe mulls whether to delay a sales tax hike over fears it could damage the fragile economy. Inflation data …

  Tokyo / Bloomberg Suzuki Motor Corp.’s minicar sales fell 18 percent in Japan this month, after the automaker disclosed using improper methods to test the fuel economy of more than 2.1 million vehicles. Dealers heard both encouragement and criticism from customers after Suzuki said May 19 that it didn’t use a test method required by Japanese law, Chairman Osamu …