In the past the "Strongest Korakuen" has been a small tournament to decide the #1 contender for the Japanese national titles. The competition was, for years, one of the most important in Japan sitting just behind the "Rookie of the Year" in terms of popularity though was incredibly significant.
The tournament was dropped this year as participant numbers were seen to be dropping and the Japan Professional Boxing Association (JPBA) tried to think of a way to bring it back with a difference next year. They've done that by announcing that the "Strongest Korakuen" will not be fought as a tournament next year but instead a 1-off bout to decide the top contender for a title fight.
Full details haven't yet been released though we suspect the bouts will be fought near the end of the year and will feature the top contenders, or at least the top contenders who are willing to participate. We'd also suspect that the winners will fight for a title the following years.
As well as the announcement of the "Strongest Korakuen" we've also heard that the JPBA have announced that they will begin to award a "Lifetime Achievement Award". From what we understand this award will be dubbed the Piston Horiguchi Award after the legendary Tsuneo "Piston" Horiguchi, though we're not sure on any further details regarding the award.
(Image courtesy of http://wbcboxing.com)