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 oblique reverse faults and were within of the M6.9 Loma Prieta mainshock epicenter, near the intersection of the San Andreas and Sargent faults. Total displacement for these shocks was relatively small (approximately of strike-slip and substantially less reverse-slip) and although they occurred on separate faults and well before the mainshock, a group of seismologists considered these to be foreshocks due to their location in space and time relative to the main event. Each event's aftershock sequence and effect on stress drop was closely examined, and their study indicated that the shocks affected the mainshock's rupture process. Following the August 8,