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 Three people were killed in the collapse of buildings along the Pacific Garden Mall in Santa Cruz, and five people were killed in the collapse of a brick wall on Bluxome Street in San Francisco. When the earthquake hit, the third game of the 1989 World Series baseball championship was about to begin. Because of the unusual circumstance that both of the World Series teams (the San Francisco Giants and Oakland Athletics) were based in the affected area, many people had left work early or were staying late to participate in after work group viewings and parties. As a consequence