As Emil Jeřábek and James Hanson mentioned in comments, this is well-known in the literature of first-order arithmetic as the $\Sigma_1$ least number principle, $\mathsf{L}\Sigma_1$. Simpson doesn't mention it in his book (he doesn't really talk about $\Sigma_n$ bounding either, which is more well known).
Over $\mathsf{PA}^- + \mathsf{I}\Sigma_0$, Kirby and Paris [1] proved that $\mathsf{L}\Sigma_n$, $\mathsf{L}\Pi_n$, $\mathsf{I}\Sigma_n$, $\mathsf{I}\Pi_n$ are all equivalent.
Over $\mathsf{PA}^- + \mathsf{I}\Sigma_0 + \mathsf{exp}$, Slaman [2] proved (building on results of Kirby and Paris) that $\mathsf{L}\Delta_n$, $\mathsf{I}\Delta_n$, $\mathsf{B}\Sigma_n$, are all equivalent.
Both reversals hold over $\mathsf{RCA}_0$, since it proves $\mathsf{PA}^- + \mathsf{I}\Sigma_0 + \mathsf{exp}$. In particular, $\mathsf{L}\Sigma_1$ holds in $\mathsf{RCA}_0$ (as Emil Jeřábek mentioned).
[1] L. A. S. Kirby and J. B. Paris. Initial segments of models of Peano’s axioms$\Sigma_n$-collection schemas in arithmetic. Set theory and hierarchy theoryAngus Macintyre, VLeszek Pacholski, Jeff Paris (Proc. Third Confeds., Bierutowice, 1976), Springer, BerlinLogic Colloquium '77 (proceedings of colloquium held in Wrocław, August 1977). Studies in Logic and the Foundations of Mathematics 96, pp. 211–226. Lecture Notes in Math 199-209. Elsevier North-Holland, Vol. 619NY, 1978.
[2] Theodore A. Slaman. $\Sigma_n$-bounding and $\Delta_n$-induction. Proceedings of the American Mathematical Society 132(8), pp. 2449-2456, 2004.