Japan's Prime Mnister Shinzo Abe. DANIEL MIHAILESCU/AFP/Getty Images. North Korea's leader Kim Jong Un. SAUL LOEB/AFP/Getty Images.

Japan is reportedly putting together plans for a possible August summit between Prime Minister Shinzo Abe and North Korean leader Kim Jong-un, according to Japan's Yomiuri newspaper.

The details: The newspaper reports, citing government sources, that one option for the summit would include Abe visiting Pyongyang. There is reportedly a second option if travels to Pyongyang fall through, the newspaper added, where Abe could meet Kim "on the sidelines of the Eastern Economic Forum to be held in September in Vladivostok, if the North Korean leader attends," per Reuters.

The background: Just last year, North Korea fired two missiles over Japan. Following his own summit with the North Korean leader, the President Trump agreed to cease military drills with South Korea that Japan had referred to as "vital" to to the security of coastal Asian nations, Reuters explains.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

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Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.