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The Japan Cup (ジャパンカップ, Japan Kappu?, JPN G-1) is the most prestigious horse race run in Japan. It is contested at the end of November at Tokyo Racecourse in Fuchu, Tokyo at a distance of 2400 meters (about 1 ½ miles) over the grass. With a purse of ¥533 million (about US $4.6 million), the Japan Cup is the richest race on turf in the world, [1] and one of the richest horse races in the world.

The Japan Cup is an invitational event. During a relatively short history, the race has established itself as a truly international contest with winners from Japan, North America, Britain, Australia, New Zealand, Ireland, France, Germany and Italy.

The Japan Cup has produced some of the most memorable finishes seen in Japanese racing. Along with the Prix de l'Arc de Triomphe, Melbourne Cup and the Breeders' Cup, the race ranks as one of the great end-of-year events.

The Japan Racing Association established the Japan Cup as an international invitational race in order for local racehorses to have the opportunity to compete against horses of an international calibre and to promote goodwill within the racing community worldwide.

Source: http://en.wikipedia.org/wiki/Japan_Cup