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An accounting probe of Toshiba Corp.’s infrastructure and energy projects caused its default risk to jump the most in Japan, just as the creditworthiness of Sharp Corp. and Sony Corp. had been improving.

The cost to insure Toshiba debt against nonpayment surged 80 basis points in two days to 130 basis points, according to credit-default swap data from CMA. The biggest increase in Japan in the past month made it the nation’s most-expensive-listed company to protect, after Sharp and Sojitz Corp.

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