Even in languages that do not share script, bilinguals process cognates faster than matched noncognates in a range of tasks. The current research more fully explores what underpins the cognate ‘advantage’ in different script bilinguals (Japanese-English). To do this, instead of the more traditional binary cognate/noncognate distinction, the current study uses continuous measures of phonological and semantic overlap, L2 (second language) proficiency and lexical variables (e.g., frequency). An L2 picture naming (Experiment 1) revealed a significant interaction between phonological and semantic similarity and demonstrates that degree of overlap modulates naming times. In lexical decision (Experiment 2), increased phonological similarity (e.g., bus/basu/vs. radio/rajio/) lead to faster response times. Interestingly, increased semantic similarity slowed response times in lexical decision. The studies also indicate how L2 proficiency and lexical variables modulate L2 word processing. These )