The normally white reflection type liquid crystal display of the present invention comprises: a polarization plate; a quarter wavelength plate; a transparent substrate; a transparent electrode; and a twisted nematic liquid crystal layer, wherein said polarization plate, said quarter wavelength plate, said transparent substrate, said transparent electrode, and said twisted nematic liquid crystal layer are layered in sequence from a light inputting side, and the angle between the optical axis of said quarter wavelength plate and the transmission axis of said polarization plate is below 65 degrees and above 45 degrees, or below 45 degrees and above 25 degrees.