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It unfortunately does not:
> osipovmi@blnn724x:/var/osipovmi/cpython []
> $ git branch
> 3.6
> 3.7
> bpo-14568
> bpo-34401
> bpo-34403
> bpo-34412
> bpo-34448
> bpo-34449
> bpo-34519
> master
> test_c_locale_coercion_hpux
> * utf8_cmd_line
> $ ./python -m test test_utf8_mode
> Run tests sequentially
> 0:00:00 [1/1] test_utf8_mode
> test test_utf8_mode failed -- Traceback (most recent call last):
> File "/var/osipovmi/cpython/Lib/test/test_utf8_mode.py", line 231, in test_cmd_line
> check('utf8=0', [c_arg], LC_ALL='C')
> File "/var/osipovmi/cpython/Lib/test/test_utf8_mode.py", line 218, in check
> self.assertEqual(args, ascii(expected), out)
> AssertionError: "['h\\xc2\\xa7\\xc3\\xa9']" != "['h\\xf4\\xcf\\xfb\\u02cb']"
> - ['h\xc2\xa7\xc3\xa9']
> + ['h\xf4\xcf\xfb\u02cb']
> : roman8:['h\xc2\xa7\xc3\xa9']
> 
> test_utf8_mode failed
> 
> == Tests result: FAILURE ==
> 
> 1 test failed:
> test_utf8_mode
> 
> Total duration: 2 sec 921 ms
> Tests result: FAILURE