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
Eastern span replacement of the San Francisco–Oakland Bay Bridge major cantilever span. Little was done to address this problem until the 1989 Loma Prieta earthquake. The earthquake measured 6.9 on the moment magnitude scale and while the epicenter was distant from the bridge, a 50-foot (15 m) section of the upper deck of the eastern truss viaduct portion of the bridge collapsed onto the deck below, indirectly causing one death at the point of collapse. The bridge was closed for a month as construction crews removed and reconstructed the fallen section. It reopened on November 18, 1989, with a new stronger retrofit in place. The failure was at the