"Wa" in Japanese, especially in cultural terms, means "harmony; serenity; balance".
(By the way, "watashi" in the same language, Japanese, has the meaning of "I". ( "I" as in, e.g. "I like...").
However, moving on to another language, "Tasche" is a German word which translates to "pocket".
From the two words above -- wa and tasche -- we can make the word "watasche".
"Watasche" -- meaning "harmony pocket" -- i.e. a pocket filled with harmony, calm, tranquillity.
In this particular situation, I'd like to think of "Tasche" as an internal pocket -- the heart -- because we carry our heart with us, wherever we go, and wherever we are... But it's up to each of us to decide exactly what we are going to put in it.
May you and I and everyone in this world always fill our watasche -- our "harmony pocket" -- with perspective, contentment, and calm every moment, everywhere we go, and everywhere we are...
NB. Some notes regarding pronunciation:
wa: rhymes with fa in father
tasche: ta rhymes with fa in father;
sche -- like shu in the English word shutter
Further, if you'd like to hear the above words, I hope the following pronunciation links will be helpful:
http://www.forvo.com/word/watashi_wa/
http://www.forvo.com/search/tasche/
http://en.wiktionary.org/wiki/Tasche
