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JRHA Final Average (Foals & Yearlings) Down 10.9%

Thursday, 17th July 2008

Overall gross receipts at the 3-day JRHA Sale (1 day of yearlings & 2 days of foals) reached ¥9,686,600,000 which was down 16.3% on last year. And the cumulative average of ¥29,622,630 was down 10.9%. The buy-back rate through 3 days was 29.7% (last year 25.5%). JRHA vice-chairman Teruya Yoshida commented: "It is solid market. In other words, it is the acceptable result, under the current circumstances of business in Japan & all over the world. I am very happy to see the quality of Japanese-breds is very high now & I am also happy to see more than ¥500 million was put into this market by the buyers from foreign countries. I am quite confident the horses who will be exported to the countries of the buyers will run well there & I hope they will encourage more buyers to come from foreign countries at this market in the near future."

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