Toyota executive vice president Satoshi Ozawa said on Monday the automaker would never change its strategic decision to keep annual domestic production at 3m units.

According to the Nikkei, Ozawa said at least 3m vehicles need to be produced in Japan to protect the country's manufacturing sector. He said that Toyota set its domestic sales and export sales targets at 1.5m vehicles each to ensure that this goal was achieved.

Ozawa said he wanted the automobile acquisition tax and the automobile weight tax to be abolished before the consumption tax was raised.

Toyota posts strong Q2 and H1 net income rises