The Bank of Thailand will face a tough policy decision, while South Korea will release its fourth-quarter growth report and Japan offers up an inflation reading in a holiday shortened week.

On Wednesday the Bank of Thailand (BOT) will weigh in on monetary policy, faced with choosing between cutting interest rates to bolster a flagging economy or keeping them on hold amid rising concerns about debt levels.

Moody’s Analytics expects the BOT to stand pat with its current 1.5 percent benchmark rate.

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