I would have liked to have seen a difference of 1 to 1.4volt (ie 2 diode volt drops) between J705 and J707J705 37.1
J707 37.4
however this will not cause the 0V at J721. I'd be tempted to replace H711, possible c-e failed open, service
manual has it as 2SA606. That substitutions list has 2N5416 as a suitable sub, need to confirm this is ok.