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
Loma Prieta Loma Prieta Loma Prieta (from Spanish "loma" -hill, "prieta" -dark) is high and is the highest peak in the Santa Cruz Mountains in Northern California. The peak is on private property about west of Morgan Hill in Santa Clara County. The dirt road to the summit is gated, but the tower maintainers generally do not mind hikers. From 1976 through 1990 amateur astronomer Donald Machholz set up his telescope an average of 120 times a year on the south slope of this mountain to search for comets. From this site he discovered three new comets that bear his name, including