New Delhi: Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a plan for civil nuclear cooperation. Relations have strengthened between Asia's second and third largest economies as Abe and Indian counterpart Narendra Modi seek to balance China's rise as the dominant Asian power. Both men are nationalists who enjoy a personal friendship. The deal to build a high-speed train line between the financial hub of Mumbai and the city of Ahmedabad...
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