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 injuries saw the horse not race for another 20 months. Efficient, the previous year's VRC Derby winner, won the race. In 2013, Damien Oliver returned from an eight-month ban, after betting against his own mount at a previous race meet, to win his 3rd Melbourne cup. Melbourne Cup day is a public holiday for all working within metropolitan Melbourne and some parts of regional Victoria, but not for some country Victorian cities and towns which hold their own spring carnivals. For federal public servants it is also observed as a holiday in the entire state of Victoria, and from 2007