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 Pipe drove heavy lift equipment to the scene and started using it to raise sections of fallen freeway enough to allow further rescue. Local workers continued their volunteer operation nonstop until October 21, 1989, when they were forced to pause as U.S. President George H. W. Bush and California Governor George Deukmejian viewed the damage. On October 21, survivor Buck Helm was freed from the wreckage, having spent 90 hours trapped in his car. Dubbed "Lucky Buck" by the local radio, Helm lived for another 29 days on life support, but then died of respiratory failure at the age of