Domestic Bond

Toyota Motor Corporation
23 August 2002

                                 (Translation)


To Whom It May Concern:



                                                                 August 23, 2002
                                                        Toyota Motor Corporation
                                               (Toyota Jidosha Kabushiki Kaisha)


           Notice Concerning Issuance of Domestic Unsecured Bonds



We hereby announce that Toyota Motor Corporation has decided to issue its
unsecured bonds - 6th series in the domestic market as follows.


1.  Name of the Bonds:           Toyota Motor Corporation Domestic Unsecured 
                                 Bonds - 6th Series

2.  Amount issued:               JPY 150 billion

3.  Coupon:                      1.33% S/A

4.  Issue price:                 99.93

5.  Announcement date:           August 23, 2002

6.  Payment date:                September 5, 2002

7.  Maturity date:               September 20, 2012

8.  Offering method:             Public offering

9.  Security:                    Unsecured

10. Ratings:                     Rated AAA by Standard & Poor's and
                                 Rating and Investment Information, Inc.
                                 Rated Aa1 by Moody's

11. Underwriters:                Underwriting group including Nomura Securities 
                                 Co.,Ltd. and Nikko Salomon Smith Barney Limited

12. Fiscal Agent:                UFJ Bank Limited

13. Use of proceeds:             To be used to fund capital expenditures



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