Why doesn't Iceland apply to be a state of Japan???

They're both oceanic states that like fishing, including whaling. Iceland has lots of national resources that Japan would like to get access to, and Japan has financial stability that Iceland could use.

Historically there's no specific reason why you can't have a far-flung "country" (e.g. France's outpost on that island in Canada, America's outpost in Hawaii), and with modern technology, communication would be possible. Everybody in both places speaks English. What's the problem?

Or, maybe this is not a particularly good example, but perhaps there are other examples that might not be quite so outlandish. Is there a possibility of such a trend in the future, or are we stuck in geographical relationships only?