The liquid crystal panel according to an embodiment of the present invention includes, in the stated order from a viewer side: a first polarizer; a first optical compensation layer; a liquid crystal cell; a second optical compensation layer; and a second polarizer, wherein:the first optical compensation layer has an absolute value of a photoelastic coefficient of 40.times.10.sup.-12 (m.sup.2/N) or less, has an in-plane retardation .DELTA.nd of 90 nm to 200 nm, has relationships of the following Expressions (1) and (2), and functions as a protective layer on a liquid crystal cell side of the first polarizer; andthe second optical compensation layer has relationships of the following Expressions (3) and (4), .DELTA.nd(380)=.DELTA.nd(550)=.DELTA.nd(780) (1) nx>ny>nz (2) Rth(380)>Rth(550)>Rth(780) (3) nx=ny>nz (4).