Horse racing in Japan the post Second World War economic boom. The Japan Racing Association was formally established in 1954. The Japan Cup, one of the richest horse races in the world, was inaugurated in 1981. Run at Tokyo's Fuchu Racecourse on the last Sunday in November, it continues to attract thoroughbreds from all over the world. The JRA manages the ten main tracks in Japan. Races at these tracks are called "Chuo Keiba" (meaning "central horse racing"). It provides some of the richest racing in the world. , a typical JRA maiden race for three-year-olds carried a purse of ¥9.55 million (about US$112,000),
Caulfield Cup Caulfield Cup The Caulfield Cup is a Melbourne Racing Club Group 1 Thoroughbred horse race held under handicap conditions although the MRC is in the process to turn the race into weight for age (WFA) conditions, for horses aged three years old and older, over a distance of 2400 metres. It is held at Caulfield Racecourse, Melbourne, Australia in mid October. The prizemoney is A$5,000,000. The race has become one of Australia's richest Thoroughbred horse races and the richest of its type in the world (2,400 metre or 1 miles). The race is held annually in October on the third