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 vary from event to event. And lastly, the 1989 event did not occur on the San Andreas Fault. While the effects of a four-year drought limited the potential of landslides, the steep terrain near the epicenter was prone to movement, and up to 4,000 landslides may have occurred during the event. The majority of landslides occurred to the southwest of the epicenter, especially along road cuts in the Santa Cruz Mountains and in the Summit Road area, but also along the bluffs of the Pacific Coast, and as far north as the Marin Peninsula. Highway 17 was blocked for several