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),
Australian Cup Australian Cup The Australian Cup is a Victoria Racing Club Group 1 Thoroughbred horse race for horses three years old and older, held under Weight for Age conditions, over a distance of 2000 metres, at Flemington Racecourse, Melbourne, Australia in March during the VRC Autumn Racing Carnival. Total prize money for the race is A$1,500,000. The race was once Australia's premier long distance race, raced at a distance of 18 furlongs (3621m) - thus, longer than the Melbourne Cup. In 1943 the race was shortened to 17 furlongs 110 yards to allow the race to be started from the top