I don't think it's the paint underneath bubbling - I suspect it's the lining paper absorbing moisture - stretching and bubbling a bit - and slowly drying out and shrinking.
Whenever I paper - nearly every time - I get a few bubles that always go overnight - I expect to get a few bubbles.
Paste up the paper evenly and leave it for at least three mins to absorb the moisture in the paste - while waiting you can be pasting up the second sheet.
I'm sure you have it wrong - if the paint were bubbling it would lose its adhesion with the wall - crack and flake - paint doesn't behave this way if you wet the wall.
And anyway - you say the bubbles go away on their own - what's the problem?
Peccavi
May 2010