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),
Horse racing in Scotland records of King James IV's personal expenditure. There are only four references to horse racing, all in 1503-4, including a payment made in 1504 to a jockey, ‘the boy that ran the King’s horse’ at Leith. Relative to James' other sporting interests such as falconry and golf this is very few. A well-known annual race, with a bell for a prize, was instituted at Haddington in 1552, but reference to this in royal records is restricted to a single entry. It is not until the reign of James VI that racing truly emerges. Races were held at Peebles and Dumfries