UPDATE 1-Toyota has 45 days supply in U.S.-executive


* Toyota U.S. production to rise to 70 pct in June * Toyota inventories thinnest in June-auto dealer groups DETROIT, May 20 (Reuters) - Toyota Motor Corp's U.S. sales chief said in a letter to dealers this week that there is 45 days of inventory on hand. U.S. auto dealer groups as well as industry analysts have said that June is expected to be the thinnest for Toyota inventories, and that lack of inventory in May and June will reduce sales. On Thursday, J.D. Power and Associates said ...

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