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
Earthquake prediction site of three very large earthquakes in 1811–12, which he coupled with the date of 3 December 1990. Browning's reputation and perceived credibility were boosted when he claimed in various promotional flyers and advertisements to have predicted (among various other events) the Loma Prieta earthquake of 17 October 1989. The National Earthquake Prediction Evaluation Council (NEPEC) formed an Ad Hoc Working Group (AHWG) to evaluate Browning's prediction. Its report (issued 18 October 1990) specifically rejected the claim of a successful prediction of the Loma Prieta earthquake. A transcript of his talk in San Francisco on 10 October showed he had