One embodiment discloses an image processing apparatus which generates an interpolation frame from consecutive first and second frames, including: a motion estimation section which assigns, to the interpolation frame, motion vectors from the first frame to the second frame; a first degree-of-difference calculation section which extracts calculates a first degree of difference in terms of pixel values; a second degree-of-difference calculation section which calculates a second degree of difference in terms of vectors; and an interpolation frame generation section which generates the interpolation frame by determining a motion vector that should be assigned to a pixel of attention on the basis of combined weights obtained by combining the first degrees of difference and the second degrees of difference, respectively.