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 1989, shock, in anticipation of an upcoming large earthquake, staff at the University of California, Santa Cruz deployed four accelerometers in the area, which were positioned at the UCSC campus, two residences in Santa Cruz, and a home in Los Gatos. Unlike other nearby (high gain) seismographs that were overwhelmed (driven off scale) by the large magnitude mainshock, the four accelerometers captured a useful record of the main event and more than half an hour of the early aftershock activity. The June 27, 1988, shock occurred with a maximum intensity of VI ("Strong"). Its effects included broken windows in Los