* Nikkei may stay near 200-day moving average -analysts
* BOJ tankan impact limited -analysts
By Ayai Tomisawa
TOKYO, July 1 (Reuters) - The Nikkei share average rose 0.5 percent on Friday, climbing above its closely watched 200-day moving average, helped by positive U.S. economic data and relief that Greece will avert imminent default.
Analysts said that the Bank of Japan's tankan survey of corporate sentiment had a limited impact on the market, but investors were relieved that recovery is expected in the coming quarter.
The headline index measuring big manufacturers' sentiment clocked in at a worse-than-expected minus 9 in June, but is expected to improve to plus 2 over the next three months, the survey showed just before the opening bell.
"The market had been focusing on the outlook, so as long as that is improving, I think we can say that the data is already priced into the stock market," said Yumi Nishimura, a senior market analyst at Daiwa Securities.
The survey also showed big firms plan to raise their capital spending by 4.2 percent in the financial year to March 2012, more than the market's median forecast for a 2.2 percent rise.
"Expectations for companies to increase their capital spending will likely lift the market from July," Nishimura added.
The benchmark Nikkei was up 0.5 percent at 9,862.85 at the midday break, after rising above its 200-day moving average of 9,866.86. The broader Topix rose 0.4 percent to 852.81.
Investors said the Nikkei is expected to stay near its 200-day moving average on Friday.
In the U.S., Midwest business activity showed surprising strength this month, lifted by a jump in new orders, the Institute for Supply Management-Chicago said.
In Europe, Greece's parliament approved measures to implement budget cuts and assets sales, making the country eligible for financial aid to avoid a debt default.
Mitsubishi UFJ Financial Group rose 1.5 percent to 396 yen after the Nikkei business daily reported that the bank raised its stake in Morgan Stanley to 22.4 percent by converting its preferred shares into common stock.
The deal will result in more than 200 billion yen ($2.48 billion) in profit in the April-June quarter for MUFG, the Nikkei said.
Condiment maker Kewpie rose 2.4 percent to 1,047 yen, climbing back to pre-quake levels after the manufacturer of mayonnaise and salad dressings said it would buy up to 2 million of its own shares, equivalent to up to 1.3 percent of shares outstanding. It also said it would retire about 2.46 million in treasury stock.
Noritz rose 5.8 percent to 1,563 yen after hitting an intraday high of 1,577 yen, its highest in nine months, after the manufacturer of water heaters revised its operating profit forecast for the year to December to 10 billion yen from 8 billion yen. (Additional reporting by Hideyuki Sano; Editing by Joseph Radford)