I never realized how bad my japanese reading skills were until yesterday...-__- Anyway, Rolf, here's a short list of the items that I
was able to understand and translate...
Icon: Vest
Use: Increases defense by 30%, also guards against special fire attacks.
Icon: pink bag/jar
Use: Decreases enemy's accuracy
Icon: black bracelet with a yellow bead
Use: Revive once. (Item disappears after use.)
Icon: Red block
Use: Increase experience points by 5%
Icon: Red block
Use: 20HIT+ combo and increase of exp. by 20%
Icon: Wrench
Use: Decreases chance of seeing stars(being stunned

).
Icon: Bullet
Use: "Bullet of Determination" Increases shooting accuracy by 30%. (I believe this is increasing Hawkeye's shooting accuracy, but I am not entirely sure...Have to go read the description again, but my uncle took the PS2, so I can't check...>__< )
Icon: White vest
Use: Al does not respond to Ed's call (R1 function still works though.)
Icon: Red vest
Use: Al does not respond to Ed's call (R1 function does not work at all.)
(I know I'm missing a lot, but it's the best I can do for now...^^)