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 the San Juan Bautista segment, or an M7 event on the San Francisco Peninsula segment, United States Geological Survey (USGS) seismologist Allan Lindh's 1983 forecasted rupture length of (starting near Pajaro Gap, and continuing to the northwest) for the San Juan Bautista segment nearly matched the actual rupture length of the 1989 event. An updated forecast was presented in 1988, at which time Lindh took the opportunity to assign a new name to the San Juan Bautista segment – the Loma Prieta segment. In early 1988, the Working Group for California Earthquake Probabilities (WGCEP) made several statements regarding their forecasts