Not at all! The Japanese swords were folded and hammered over and over and over again upon themselves....one metal. This creates multiple "layers" that are way way stronger than the homogenous metal could ever be. This is ancient technology
not quite.
the folding process was done to remove impurities in the steel.
traditional Japanese swords started life as volcanic sand. they'd build a big fire in a pit, then shovel the funky sand into it, along with more fuel, until it went all runny. this process could take over a week in itself.
then, they'd knock a hole in the edge of the pit full of runny metal and let it flow down a precut channel.
once it had cooled, they had a big long bar of metal of varying grades. the master swordsmith dude would tap the steel with his little mallet and figure out where the high-carbon steel was and where the milder steel was.
these two pieces were then seperatly folded to remove the impurities. basically, you break up the steel into little lumps, stick it in a forge and beat it flat. then you break it up into little sheets again, pile 'em up like a club sandwich, stick it in the forge and beat it flat. rinse and repeat until you had two lumps of pure metal. one was high carbon steel and formed the cutting edge core of the blade, the other was milder steel that was laminated over the high carbon steel to give it flexibility.
you beat them both out into a bar, then flatten the milder steel and knock it into a U-shape. stick the bar of high carbon steel into the middle and back into the forge with it and keep beating the crap out of it until you had a straight, sword-length piece of laminated steel.
the tempering process is how Katana get their characteristic curved blade.
fyi: as i understand it, there are still one or two traditional forges in operation in Japan today, so it's possible to buy a sword made using traditional techniques. last time i checked, it was something on the order of US$40,000 for a Katana. bear in mind, there are like seven or eight master swordsmiths working on each blade.
before we had belt grinders and plasma cutters and all the funky stuff, we had guys with big wooden mallets.
In addition to being folded, the traditional japanese swords were laminated with a hard skin for cutting over a soft inner core for shock absorbing (tamahagane construction). The soft core would only be exposed on the back of the blade, not at the sides. The Paul Chen/ Hanwei catalog gives a good brief discussion of this construction.
errr, other way around mate. the hard, cutting steel is in the middle and the softer, milder steel is on the outside.
ditto with Fallkniven's blades. the hard and tempered-to-within-an-inch-of-it's-life VG-10 is the cutting edge in the middle while the slightly softer and more flexible 420J2 is on the outside.