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 its aftershocks occurred within a recognized seismic gap) but the earthquake that transpired was not what had been anticipated. The 1989 Loma Prieta event originated on an undiscovered oblique-slip reverse fault that is located adjacent to the San Andreas Fault. Since many forecasts had been presented for the region near Loma Prieta, seismologists were not taken by surprise by the October 1989 event. Between 1910 and 1989 there were 20 widely varying forecasts that were announced, with some that were highly specific, covering multiple aspects of an event, while others were less complete and vague. With a M6.5 event on