Japanese swords don't usually have that groove in the back of the blade. The signing on the tang aren't Japanese characters, so is false or made-up. It has all the hallmarks of being a Modern Chinese copy.
Bo-hi or that "groove" on the back of the blade aren't exactly unheard of. What's really needed are some full length shots of the blade and some good shots of the blade tip. Also some more shots of the furniture i.e. the tsuba (guard), wrap, and menuki are in order. Also did it come with a scabbard (tsuka)? *Note that my command of Japanese sword terms is a bit rusty so if I've mislabeled any of the Japanese names above my apologies. What I would really suggest would be wandering over to www.swordforum.com and asking for an i.d. there.
As some of the other posters have suggested I suspect that this is yet another flavor of the ubiquitous chi-tana that are all over the place these days but I certainly wouldn't hazard a guess without more pictures. There are folks over at swordforum that keep track of every nuance of every type of piece banged out by the chi-tana shops and can probably identify this one fairly quickly for you if it is such a piece.
this blade seems authentic http://www.bladeforums.com/forums/showthread.php?t=597864. has the same style of characters used on your blade. Do some more research on your sword. you might have a paper weight or you might have a piece of history.
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