My best guess would be that the Red of the bridge is being shorted to ground when in Series -- this could be because the Black and Green leads from the Neck pickup are connected internally or the Black and Green are reversed from what we thought they were.
What SHOULD happen in the Series position is that the Green lead has to go through the Bridge coil before getting to ground. Now if our collective guess that the Green lead is the 'Cold' side of the coil and that the Black lead is the case-ground was wrong, I think we'd see this exact sort of thing happening. Using a meter to confirm would help (hint: find your meter

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<edit> Just took a look at Japanese wiring color codes: Red - Hot Black - Rtn Green - Ground. Hmmmm....