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 12,000 customers had their power restored within two days. The quake caused an estimated $6 billion in property damage, becoming one of the most expensive natural disasters in U.S. history at the time. Private donations poured into aid relief efforts and on October 26, President George H. W. Bush signed a $1.1 billion earthquake relief package for California. Four people died in San Francisco's Marina District, four buildings were destroyed by fire, and seven buildings collapsed. Another 63 damaged structures were judged too dangerous to live in. Among the four deaths, one family lost their infant son who choked on