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 about from the epicenter. From October 5, they reported that a substantial increase in noise was measured in the frequency range 0.01–10 Hz. The measurement instrument was a single-axis search-coil magnetometer that was being used for low frequency research. Precursor increases of noise apparently started a few days before the earthquake, with noise in the range 0.01–0.5 Hz rising to exceptionally high levels about three hours before the earthquake. Though this pattern gave scientists new ideas for research into potential precursors to earthquakes, and the Fraser-Smith et al. report remains one of the most frequently cited examples of a specific