Not than I know of. It’s a feature I would wish for and considering Page Bundles are merged among translations it may not be such a far stretch to implement: a translations front matter merge/inheritance … it may bear some unforseen side effect though…
In the mean time you could do it in your template.
Test for a Param and if not found get its trlanslarion using the very recently improved (today) .GetPage. Then get the Param of its translations.