Japan's Council on Economic and Fiscal Policy have reportedly warned the BoJ against higher borrowing costs, as it could impact small- and mid-size firms, amidst the Iran conflict

Japan's Council on Economic and Fiscal Policy cautioning the BoJ against raising borrowing costs suggests a deliberate attempt to protect small- and mid-size enterprises from potential financial strain. This dovish stance comes against the backdrop of heightened geopolitical tensions, which could further complicate the economic landscape, leading to implications for monetary policy and currency stability.