Fidelity Investments is seeking to add five banks to a pilot distribution program for its mutual funds in Japan, a company executive said.

Since December the Boston company has had a pilot distribution program at branches of three Japanese institutions: Long-Term Credit Bank of Japan Ltd., Sumitomo Bank, and Sanwa Bank, said Roger T. Servison, a Fidelity managing director and executive vice president in charge of its push in Japan. This December Fidelity plans to expand the program, said Mr. Servison, because Japanese regulators are expected to loosen rules governing securities distribution by commercial banks.

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