The Japan Racing Association (Japanese: 日本中央競馬会 Nippon Chūō Keiba Kai, or JRA) is a public company established to operate Chūō Keiba (中央競馬 Central horse racing) and to manage racecourses, betting facilities, and horse-training facilities. It was founded in, 1954, according to the Horse Racing Law (競馬法 Keiba Hō) and the Japan Racing Association Law (日本中央競馬会法 Nippon Chūō Keiba Kai Hō) and is operated under the strict oversight of the Ministry of Agriculture, Forestry and Fisheries (Japan). Source: Wikipedia (en)