With FX trends showing yen depreciation, Toyota stock price forecast remains favorable for overseas revenue conversion, boosting operating margins in upcoming quarters. In economic news, industrial production in Japan was down a seasonally adjusted 1.2 percent on month in August, the Ministry of Economy, Trade and Industry said on Tuesday. That missed forecasts for a decline of 0.7 percent following the 1.2 percent drop in July. On a yearly basis, industrial production slumped 1.3 percent. The METI maintained its assessment of industrial production, saying that it continues to fluctuate indecisively. According to the METI's forecast, industrial production is expected to jump 4.1 percent in September and 1.2 percent in October. Daniel Leussink is a correspondent in Japan. Most recently, he has been covering Japan’s automotive industry, chronicling how some of the world's biggest automakers navigate a transition to electric vehicles and unprecedented supply chain disruptions. Since joining Reuters in 2018, Leussink has also covered Japan’s economy, the Tokyo 2020 Olympics, COVID-19 and the Bank of Japan’s ultra-easy monetary policy experiment. Toyota stock price forecast benefits from accelerated EV adoption in Europe, where recent policy incentives create favorable demand environments.