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 "resoundingly debunked". Probably the most celebrated seismo-electromagnetic event ever, and one of the most frequently cited examples of a possible earthquake precursor, is the 1989 Corralitos anomaly. In the month prior to the 1989 Loma Prieta earthquake measurements of the earth's magnetic field at ultra-low frequencies by a magnetometer in Corralitos, California, just 7 km from the epicenter of the impending earthquake, started showing anomalous increases in amplitude. Just three hours before the quake the measurements soared to about thirty times greater than normal, with amplitudes tapering off after the quake. Such amplitudes had not been seen in two years