I would heed the above advice to preserve needles and tips, deferring any reduction (whether tips or needles or buds) until later. But I would immediately lay down growth with wire to tilt the odds in favor of interior growth as Frank describes in comments above.
I try to stay on top of improving the odds of interior budding as early/often as is sensible, since the window of opportunity is always cyclically closing for a given set of weak buds or elder needles on the tree.
Reduction via cutting / shortening can certainly induce budding, but think of it this way: You already need to place (with wire) budding sites into intentional locations even if you were to proceed with a cut/shortening.
If lowering tips with wire improves the odds of interior budding and you had to wire anyway, cut or no cut, then you can have your cake and eat it too by skipping the cutting for now, since you won't lose much if anything (later your tip shoots will be strong and dominant, but the posted tree is far from that and is in a shallow bonsai pot, no sacrificial leader, etc).
As long as you stay on top of wiring and selecting you can get quite far into JBP development without significant cutback or shortening. Since you're not cutting much, vigor continues to build even as you manipulate some structure and that greatly improves the odds of budding where you want it, which in turn informs where you will eventually begin to cut back.