Aftermath of the 2011 Tōhoku earthquake and tsunami highest in the world). This additional spending could hurt demand for government bonds. Silicon wafer production has been suspended at factories owned by Shin-Etsu Chemical and MEMC Electronic Materials, which together account for 25% of the global silicon wafer production. The suspension is expected to drastically impact semiconductor production, which is contingent on wafer availability. Some economic analysts consider that, ultimately, the catastrophe will improve Japan's economy, with increased job availability during restoration efforts. An analyst at JPMorgan Chase, citing the 1989 Loma Prieta earthquake in the San Francisco Bay Area and the Southern California 1994 Northridge earthquake, noted that
1989 Loma Prieta earthquake by the WGCEP in 1988 was coincidental. The contrasting characteristics of the 1906 and 1989 events were examined by seismologists Hiroo Kanamori and Kenji Satake. The significant amount of vertical displacement in 1989 was a key aspect to consider because a long-term sequence of 1989-type events (with an 80–100-year recurrence interval) normally result in regions with high topographic relief, which is not seen in the Santa Cruz Mountains. Three scenarios were presented that might explain this disparity. The first is that the geometry of the San Andreas Fault goes through a transition every several thousand years. Secondly, slip type could