It mostly translates as "blur blur JPEG artifact blur blur overcompressed blur". I can't read the small print but the large red txt is "Doctor No" written phonetically as close as possible in Japanese characters. I'm just a beginner, but as far as i know, the choice of characters used here (katakana) would make it obvious that the word is a foreign translitterated, i don't imagine a japanese reader would try get a meaning from it?