Yes, with a caveat: Zoho CRM has introduced organisation-level permissions that control whether users can see emails sent by other users within a shared record, which is what was previously missing.
Previously, emails sent directly from Zoho CRM's own servers weren't subject to user permissions the way other record data was, meaning access depended on inconsistent, hard-to-predict behaviour rather than a clear setting. Zoho has since added proper Data Sharing Settings for emails, giving administrators direct control over who can see whose emails on a shared record.
Go to Setup, then Users and Control, then Data Sharing Settings, and configure the email-specific permission level for the relevant module.
Even with this in place, there still isn't a single unified "All Emails" view that combines every user's emails across every record into one list. This permission setting controls visibility of emails on a given record, once you're viewing that record, rather than adding a global inbox-style view spanning your whole CRM.