Central banks are like sophisticated machines, precisely designed and meticulously executed. The word people at the Bank of Japan frequently use to describe their business operations is kenkakusei, which means firmness and exactness.
If the endgame is military conflict and infrastructure destruction, a consequence will be migratory flows. These, if uncontrolled, can cause both fiscal pressures and socio-political tensions in the country receiving the displaced populations. Finally, conflict can also increase the cost of, and the potential restrictions to, international merchandise trade, for instance if it affects an area that is important for maritime traffic.