UPDATE 1-Toyota to lift Nov Japan output - paper

* Nov output reportedly seen at 14,500 vs 14,407 year ago

* Output reportedly may fall back next spring

* Toyota shares slip 0.5 percent (Adds year-ago comparison for Nov, share price reaction)

TOKYO, Aug 25 - Toyota Motor Corp plans to raise its daily production level in Japan in November compared with a year earlier for the first time in 16 months, thanks to a recovery in demand, the Asahi newspaper reported on Tuesday.

Toyota, the world's largest carmaker, aims to make 14,500 vehicles per day in November, according to the daily.

Toyota would not confirm or deny the reported plan as it adopts a policy not to disclose production plans for each month, a Toyota spokeswoman said. The company made 14,407 vehicles per day in November last year, she said.

For October the carmaker aims to roll out 14,500 cars per day, up 770 from its previous plan set in July, the paper said.

But Toyota also appears to be considering cutting its daily production back to around 12,000 vehicles, its break-even level, next spring as government measures to promote purchases of new cars are likely to end, putting a brake on demand growth, the newspaper said. Expecting a fall back in Toyota's production, parts suppliers have remained relatively cautious about the rate of production increase in the coming months, the Asahi said.

Shares of Toyota slipped 0.5 percent to 4,050 yen in early trading on Tuesday.