Why are you thinking that, because they aren't doing the translation?
If you played any MH game before, its safe to import this game as its perfectly playable. Especially when you use some translation guide whenever you need something specific.
This was an awesome podcast. Really enjoyed the discussion. Brought up some really good points about how Capcom could potentially improve MH for the West.
I started listening to this podcast and after about 15 minutes I was back playing MHFU. And after the podcast was over I kept playing until like 4am. Awesome podcast.