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),
Melbourne Cup in the 21 horse field. In 2004, Makybe Diva became the first mare to win two cups, and also the first horse to win with different trainers, after David Hall moved to Hong Kong and transferred her to the Lee Freedman stables. The 2005 Melbourne Cup was held before a crowd of 106,479. Makybe Diva made history by becoming the only horse to win the race three times. Trainer Lee Freedman said after the race, "Go and find the youngest child on the course, because that's the only person here who will have a chance of seeing this happen again