Hiya, ALF
Have you pulled the rear wheel yet for a visual inspection?
After carefullly removing the grease seals and 'top hats", the tapered roller bearings and their hopefully intact cages will slip right out. Wipe the outer bearing races and look for brinelled or galled surfaces. Also confirm the condition of the roller bearing cage. Clean the bearings and regrease them before returning them to service. Do not mix up the side-to-side placement of the bearings.
Check the rear drive splines for any damage or broken teeth. Clean the splines and grease lightly with Honda Moly 60.
Report back with what your inspection turns up and we'll go from there. To prevent possible damage, I would encourage you not to ride the bike until this issue is resolved.
Monte