SEOUL, Oct 19 (Reuters) - North Korea fired at least one ballistic missile off its east coast on Tuesday, pulling Japan"s new prime minister off the campaign trail and overshadowing the opening of a major arms fair in Seoul. The launch, reported by officials in South Korea and Japan, came after U.S. and South Korean envoys met in Washington to discuss the nuclear standoff with North Korea on Monday. Spy chiefs from the United States, South Korea, and Japan were reported to be meeting in Seoul on Tuesday as well. The North Korean launch would be the latest weapons test by the country, which has pressed ahead with military development in the face of international sanctions imposed over its nuclear weapons and missile programmes. One ballistic missile was launched about 10:17 a.m. local time from the vicinity of Sinpo, South Korea"s Joint Chiefs of Staff said, where North Korea keeps submarines as well as equipment for test firing submarine-launched ballistic missiles (SLBMs). South Korean newspaper Joongang Ilbo cited an unnamed military source as saying the government was "assuming that it was an SLBM test," without elaborating. North Korea has also launched other types of missiles from that area. "Our military is closely monitoring the situation and maintaining readiness posture in close cooperation with the United States, to prepare for possible additional launches," JCS said in a statement. South Korea"s national security council held an emergency meeting and expressed "deep regret" over the test, urging the North to resume talks. Japanese Prime Minister Fumio Kishida said that two ballistic missiles had been detected, and that it was "regrettable" that North Korea had conducted a string of missile tests in recent weeks. There was no immediate explanation from South Korea"s JCS for the conflicting number of missiles detected. Kishida cancelled scheduled campaign appearances in northern Japan, and the deputy chief cabinet secretary told reporters that Kishida was planning to return to Tokyo to deal with the missile situation. South Korea"s unification ministry, which handles inter-Korean relations, said daily routine liaison calls with the North were conducted normally on Tuesday. FLURRY OF ACTIVITY Kim Dong-yup, a former South Korea Navy officer who is a professor at Kyungnam University"s Far East Institute in Seoul, said the latest test involved one of the recently unveiled SLBMs. The North displayed new Pukguksong-4 and Pukguksong-5 SLBMs during its military parades in October and January, respectively, and a previously unseen, smaller missile was spotted at last week"s defence fair in Pyongyang. The series of recent launches as well as the opening of the unusual military showin Pyongyang suggest that North Korea may be resuming military and international affairs after nearly two years of focusing inward amid the COVID-19 pandemic, said Chad O"Carroll, CEO of Korea Risk Group. "North Korea"s renewed testing of ballistic missiles suggests the worst of domestic hardship between summer 2020-2021 could be over," he said on Twitter. "Pyongyang tends to focus on one big strategic issue at a time, so the renewed testing could suggest military – later foreign policy – now priority." The launch came as the intelligence chiefs of the United States, South Korea, and Japan were due to meet in Seoul to discuss the standoff with North Korea, amid other issues, Yonhap news agency reported, citing a government source. The U.S. special representative for North Korea, Sung Kim, said that he would visit Seoul for talks this week. "The U.S. continues to reach out to Pyongyang to restart dialogue," Kim said after meeting with his South Korean counterpart in Washington on Monday. "We harbour no hostile intent towards (North Korea), and we are open to meeting with them without preconditions." MISSILE RACE The missiles tested recently by North Korea appear aimed at matching or surpassing South Korea’s quietly expanding arsenal, analysts have said. Last month South Korea successfully tested an SLBM, becoming the first country without nuclear weapons to develop such a system. North Korea test fired a missile launched from a train on the same day. This month the two Koreas held duelling defence exhibitions aimed at showcasing their latest weaponry amid a spiralling arms race. As news of Tuesday"s missile launch broke, representatives of hundreds of international companies and foreign militaries were gathered in Seoul for the opening ceremonies of the International Aerospace and Defence Exhibition (ADEX). It is set to be South Korea"s largest defence expo ever, organisers said, with displays of next-generation fighter aircraft, attack helicopters, drones, and other advanced weapons, as well as space rockets and civilian aerospace designs. South Korea is also preparing to test fire its first homegrown space launch vehicle on Thursday. Though analysts say the South Korean rocket has few potential applications as a weapon, such tests are unlikely to be welcomed in North Korea, which has complained of a double standard in which its own space programme is criticized overseas as a front for military missile development.