first of all, the compression on the 2zz motors in japan arent that high. if you want that high of a compression, make sure ur never gonna put Turbo on it. if you want a natural aspirated car, then raise the compression as much as you want. IF U REALLY wanna do this swap, you dont have to get the engine shipped from japan, just get the ones you got around u, monkeywrench has some stuffs to raise ur engine compression, and get a power FC so you can tune the car the way you want. wut i dont really understand is that why arent you dropping a k20 engine in it? you said bcz ur friend has it, but keep a honda a honda. a honda with toyota engine sounds like a transexual. plus the k20 engine responds better with mods, so ull be benefited when you add Intake
exhaust and all that. if you really wanna do it as a project, thats cool and fun, but k20 has a better powerband while the celicas is more unbalanced. plus ur gonna have some understeer when the engine is revving high. you know, the common problem with front wheel drive powerful cars, then you gotta spend some shitload of money for some nice suspension and strut braces.
its possible, its costy, and its a little crazy, but if you wanna do it for fun, go for it and let us know wut happens.