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UPDATE 1-Japan Finmin Aso to meet US VP Pence in early Sept to discuss economy, trade

economy, trade@ (Adds quote, detail)

TOKYO, Aug 29 (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that he would visit the United States from Sept. 4 to hold informal talks with Vice President Mike Pence ahead of a second round of bilateral economic talks later this year.

Asked if the two sides would discuss North Korea, Aso, who doubles as deputy prime minister, said Pence was not the person directly in charge of the matter so he did not know how the issue would be discussed.

North Korea fired a missile that flew over Japan and landed in waters off the northern region of Hokkaido early on Tuesday, marking a sharp escalation of tensions on the Korean peninsula.

"There are some areas that need to be adjusted, so we are going to adjust them in order to hold (the next round of talks) by the end of this year," Aso told reporters after a cabinet meeting.

Japan-U.S. trade talks "have dealt with frictions in the past, starting from the negotiations on textile in the 1960s, but this time we approached (the United States), calling for cooperation but not frictions," Aso said.

He and Pence would likely discuss issues such as trade, investment and economic policies in accordance with the first round of economic talks launched in April, Aso added.

The two have led the U.S.-Japan economic dialogue, which is aimed at enhancing the bilateral cooperation in the way that would positively affect other countries in the Asia-Pacific region.

However, some analysts worry that President Donald Trump's administration, which is facing growing domestic turmoil, could pile pressure on the country's trading partners for concessions that would boost U.S. exports under his "America First" policy.

The upcoming talks could also include the issue of safeguard tariffs Japan has imposed on frozen beef from the United States and some other countries. (Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher and Kim Coghill)