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 They believed the work of Melbournian, William Edwards, to be superior in both design and workmanship to the English made trophy. No trophy was awarded to the Melbourne Cup winner for the next eight years. In 1876 Edward Fischer, an immigrant from Austria, produced the first Australian-made trophy. It was an Etruscan shape with two handles. One side depicted a horse race with the grandstand and hill of Flemington in the background. The opposite side had the words "Melbourne Cup, 1876" and the name of the winning horse. A silver-plated base sporting three silver horses was added in 1888, but