It does, but I can barely remember how to activate it. Try to hold Start on controller 2 before confirming a target in battle and it might just work. It's one of the many features that are included in the debug mode so don't forget to input that at the sega logo before you try anything else.
If Start doesn't work, try other buttons on any controller. I'm pretty sure this is triggered after you confirm an action like attack or spell. One of two things, there's a way to control how the attack will turn out (dodges, counters, double attacks/spells) with yes/no questions or there's that numbered console you're looking for.