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 was built on was filled marshland, and half was somewhat more stable alluvium. Because of new highway structure design guidelines—the requirement of ductile construction elements—instituted following the 1971 San Fernando earthquake, a limited degree of earthquake reinforcement was retrofitted to the Cypress Viaduct in 1977. The added elements were longitudinal restraints at transverse expansion joints in the box girder spans, but no studies were made of possible failure modes specific to the Cypress Viaduct. When the earthquake hit, the shaking was amplified on the former marshland, and soil liquefaction occurred. During the earthquake, the freeway buckled and twisted before the