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The Inquirer posted a story that Apple has filed a trademark application for "iWatch" in Japan



So saie Bloomberg, which reported today that Apple is seeking to protect the product name "iWatch", which it has categorised unsurprisingly as a "handheld computer or watch device". Apple apparently filed the trademark application with the Japanese Patent Office on 3 June.

Adding more weight to the iWatch rumours, a Taiwanese newspaper reported recently that Apple is testing 1.5in OLED screens, having shipped 1,000 units to Foxconn. Unless Apple's next iPhone is going to be much smaller than expected, we'll place our bets on Apple producing a watch device.
  Apple applies for 'iWatch' trademark in multiple countries