Nikkei rises on receding worries about Greece, U.S. economy

* 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 morning, rising above the closely watched
200-day moving average, helped by gains in U.S. stocks on
positive economic data and on relief that Greece will avert an
imminent default.

Analysts said that the Bank of Japan's tankan survey of
corporate sentiment had a limited impact on the market, but
investors are relieved that a 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
closely watched survey showed just before the opening bell.

"The market had been focusing on the outlook, so as long as
the outlook 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 9,866.50
in midmorning trade. The broader Topix rose 0.5 percent
to 853.16.

Investors said the Nikkei is expected to stay near its
200-day moving average of 9,866.97 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 Greece eligible
for financial aid to avoid a debt default.

(Editing by Chris Gallagher)