EGR will cause high NOx, I don't think it's suspect here.
HC and CO are both due to running excessively rich. I would start with checking for diagnostic error codes, then check plugs, air filter and timing... then we'll move on to bigger things.
Check codes:
http://www.cygnusx1.net/Supra/TechTi...ror_codes.aspx
Look in the MKIII FAQ for info on setting timing; You probably don't need to worry about the mechanical timing, just the spark advance.