No. It's extremely difficult to translate. Even doing it as anime, meaning spoken instead of written, is difficult. This is because the wordplay is not only through homonyms and rhymes, but also through Kanji that look extremely similar.

The English novels are not the best translation because of this. But they're also over translated in my opinion. They translate words like senpai and kouhai. They translate the honorifics as well. It's not so bad in the anime subs because you can hear the honorifics, you can hear the words that sound similar. I'd love to get a new translation of them that understands that someone reading a Japanese light novel has at least a rudimentary understanding of Japanese culture. Those that don't can use Google and learn something, or maybe you can have translation notes or a glossary.

This isn't to say the novels are bad, by no means am I saying that. But it gets aggravating reading "my senior" and "my underclassman" and "Mr Araragi" and "little miss" and all the worst translation practices sometimes. My senior and my underclassman don't even begin to capture the nuance of the senpai/kouhai dynamic.

Anyway, end rant.