This is the Honda tool I think you're talking about (07725-0030000):

A cheap and easy substitute for the Honda tool is shown within this tech article:
http://www.valkyrieriders.com/shoptalk/joeswheel.htmRequired:
23/64 drill bit. (or another bit slightly smaller than 5/16ths)
Two 5/16 bolts 2 to 2 1/4 inches long
A 2x4 board 3-4 feet long
Drill 2 holes in the board at one end at an angle, about 2 1/4 to 2 1/2 inches apart. Use a drill bit that is slightly smaller than the bolts. Then drive the bolts through the holes with a hammer.

