Why Costco might fire up Japan's low-pay economy

When Costco Wholesale opened a warehouse in a rural Japanese town near Tokyo last year offering hundreds of jobs at eye-popping pay, a nearby noodle shop chain took a drastic step: it hiked hourly wages by a third. Some hope that's a sign that big foreign firms could finally spark a virtuous circle of rising pay and consumption in a country where feeble wage growth has been a big drag on the economy. Julian Satterthwaite reports.