Yes, indeed. It also means that Kaido essentially predicted that Joyboy will appear during his lifetime. This is how far into the future Kaido could actually look. He is always fast on track to predict the enemy's next move; the moment the Shichibukai were abandoned, was the moment Kaido realized that the World Government possesses a new weapon that replaced them. Him choosing Wano for a specific reason, underlines his strategic mind.