is one of the fastest racing series in the world.

The first Japanese top formula championship was held in 1973 as the All-Japan Formula 2000 Championship. In 1978, the series transformed into the All-Japan Formula Two Championship, and again in 1987, into the All-Japan Formula 3000 Championship. For the most part, these Japanese racing series closely followed their European counterparts in terms of technical regulations. JRP was established in 1995, and began managing the series in 1996, under its new name, the Formula