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 large number of damaged buildings that held no victims. The quake claimed one life in Watsonville: a driver who collided with panicked horses after they escaped their collapsed corral. In other Santa Cruz and Monterey county locations such as Boulder Creek and Moss Landing, a number of structures were damaged, with some knocked off of their foundations. Many residents slept outside their homes out of concern for further damage from aftershocks, of which there were 51 with magnitudes greater than 3.0 in the following 24 hours, and 16 more the second day. The earthquake damaged several historic buildings in the