You can safely ignore any story that includes “collapse” in its title when referring to a G-20 country. They’re all just clickbait.
Japan is a mild example, but I bet you have much fewer "Made in Japan" things in your house than you would in 1985. Argentina is a much more painful example, with no recovery in sight. Wait what's going to happen when Russia loses the war.
“Collapse” would be Great Depression, or unbailed-out Global Financial Crisis. The GFC (rightly) spooked everyone, but now we’ve got millions of wanna-be prophets in the media trying to predict the next “collapse” and take credit for being a modern day Nostradamus. But it’s all just clickbait.
But less tongue in cheek, this value destruction will end someday. With every cyclic crisis, a ~10% of our population falls into poverty. Maybe the percentages will become smaller every decade, but theres a feudal 99% poverty rock bottom, you can't really go deeper than that.
Japan’s economy arguably collapsed in the 90s. Perhaps burst and stagnated is more accurate ever but its a semantic game at that point. No one knows if China’s economy will collapse but there are lots a serious and unique risks.