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 Old Town district of Salinas, and some were later demolished. The San Francisco–Oakland Bay Bridge suffered severe damage, as a section of the upper deck on the eastern cantilever side fell onto the deck below. The quake caused the Oakland side of the bridge to shift to the east, and caused the bolts of one section to shear off, sending the section of roadbed crashing down like a trapdoor. Traffic on both decks came to a halt, blocked by the section of roadbed. Police began unsnarling the traffic jam, telling drivers to turn their cars around and drive back the